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$12. Webb Company owns 90% of Jones Company. The original balances presented for Jones and Webb as of 01/01/Y1, areas follows: Jones Company: Shares outstanding 100,000 Book value of Jones $1,200,000 Book value per share Webb Company Shares owned of Jones 90,000 Book value of investment $1,080,000 Assume Jones issues 20.000 new shares of its common stock for $15 per share. Or this total, Webb acquires 18.000 shares to maintain its 90% interest in Jones. After acquiring the additional shares, what adjustment is needed for Webb's investment in Jones account? $27,000 increase 27,000 decrease No adjustment is necessary 270.000 decrease 5270.000 increase