2. Cinema Company acquired 75 percent of Movie Corporation's shares on December 31,2015 , at underlying book value of $98,000. At that date, the fair value of the noncontrolling interest was equal to 25 percent of the book value of Movie Corporation. Movie's balance sheet on January 1,2018 , contained the following balances: On January 1, 2018, Movie acquired 3,500 of its own $2 par value comm on shares from Nonaffiliated Corporation for $6 per share. Prepare the entries recorded on the books of each company