Pilot Supplies Acquires All the Voting Stock of Stive Automotive

Pilot Supplies acquires all the voting stock of Stive Automotive for $65,000 in cash. Stive's trial balance at the date of acquisition is:
$\begin{array}{lc} \text { Current assets } & \$ 2,000 \\\text {Property, plant and equipment.} & 14,000 \\\text {Current liabilities.}& \{3,000\} \\\text { Long term liabilities.}& \{15,000\} \\\text { Capital stock.} & \{2,000\} \\\text { Retained deficit.}& 3,500 \\ \text { ccumulated other comprehensive loss.................. } & 500 \\\text{Total}&\$0\end{array}$
Date-of-acquisition book values approximate fair value for all reported assets and liabilities. The following previously unreported intangibles are identified as belonging to Stive, along with their estimated fair values at the date of acquisition:
Synergies with Pilot technologies …………………………..…………………………. $ 5,000
Order backlogs……………………………………………………………………………………. 2,000
Technical expertise of workforce………………………………………………………… 10,000
Cost savings on future contracts………………………………………………………… 4,000
Developed technology……………………………………………………………………….. 15,000
Stive elects to use pushdown accounting to revalue its assets and liabilities at the date of acquisition.
Required a. Prepare the entry Stive makes to adjust its accounts using pushdown accounting.
b. Prepare the eliminating entry or entries necessary to consolidate the balance sheet accounts of Pilot and Stive at the date of acquisition.