4. On January 1, 2017, the ZCorporation acquired a 20% interest in D Company by purchasing 4,800 shares of its 24,000 outstanding shares of common stock. The acquisition price was $30 per share. On the date of purchase, D Company's net assets were as follows: Nondepreciable assets Depreciable assets Book Value S 60,000 Fair ValueDifference $14,000 36,000 $74,000 196,000 Total assets Total liabilities S 80,000 S 80,000 During 2017, D Company earned income of $70,000 and paid dividends of The depreciable assets have a ten-year remaining life and no residual value. $18,000. Required: Prepare all of the journal entries on Z Corporation's books to record the acquisition and subsequent events in 2017 related to the investment in D Company