20x3. P9-19 Subsidiary Stock Dividend LO 9-5 Sound Manufacturing Corporation prepared the following balance sheet as of January 1, 20X8: Cash $ 40,000 $ 50,000 Accounts Payable Accounts Receivable 90,000 Bonds Payable 200,000 Inventory 180,000 Common Stock 100,000 Buildings & Equipment 500,000 Additional Paid-In Capital 70,000 Less: Accumulated Depreciation (110,000) Retained Earnings 280.000 Total Assets $700,000 Total Liabilities & Equities $700,000 The company is considering a 2-for-1 stock split, a stock dividend of 4,000 shares, or a stock dividend of 1.500 shares on its $10 par value common stock. The current market price per share of Sound stock on January 1, 20X8, is $50. Promise Sales Corporation acquired 8 percent of Sound's common shares on January 1, 20X4, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 32 percent of Sound's book value. Required Give the investment consolidation entry required to prepare a consolidated balance sheet at the close of business on January 1, 20X8, for each of the alternative transactions under consideration by Sound