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On June 10, 20X8, Game Corporation acquired 60 percent of Amber Companys common stock. The fair value of the noncontrolling interest was $28,000 on that date. Summarized balance sheet data for the two companies immediately after the stock purchase are as follows:

		Game Corp.			Amber Company
Item		Book Value		Book Value		Fair Value
Cash		$	28,800	$	9,000	$	9,000
Accounts Receivable			48,000		14,000		14,000
Inventory			83,000		24,000		29,000
Buildings & Equipment (net)			121,000		54,000		74,000
Investment in Amber Stock			42,000
Total		$	322,800	$	101,000	$	126,000
Accounts Payable		$	16,000	$	2,000		2,000
Bonds Payable			196,800		54,000		54,000
Common Stock			45,000		14,000
Retained Earnings			65,000		31,000
Total		$	322,800	$	101,000	$	56,000

Required:

a.	Record the consolidation entries required to prepare a consolidated balance sheet immediately after the purchase of Amber Company shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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