1. Lone 2. Determine the balance of Laura Cup 3. Prepare the journal entries for Laura to account for its investme P 2-9 Prepare allocation schedules under different stock price assumptions (bargain purchase) Tricia Corporation exchanged 40,000 previously unissued no par common shares for a 40 percent interest in Lisa Corporation on January 1, 2011. The assets and liabilities of Lisa on that date after the exchange) were as follows (in thousands): Book Value Fair Value $ 200 wodos $ 200 Cash 400 obosito 400 Accounts receivablenet 1,200 1,000 Inventories 200 600 mo :03 IUDER Land oladi do bong 2013 800 1,200 Buildings-net 2 gros 800 1,000 Equipment-net $4,200 omoonia's $3,800 Total assets Liabilities $1,800 $1,800 and ads Capital stock 1,400 oq no ano Retained earnings 600 Total equities $3,800 The direct cost of issuing the shares of stock was $20,000, and other direct costs of combination were $80,000 REQUIRED Dohou brs 000,082 vi e TOS 1. Assume that the January 1, 2011, market price for Tricia's shares is $24 per share. Prepare a schedule to allocate the investment cost/book value differentials. 2. Assume that the January 1, 2011, market price for Tricia's shares is $16 per share. Prepare a schedule to allocate the investment cost/book value differentials. Assume that other direct costs were $0