Accounting for Asset and Stock Purchases $160 at the date of acquisition. The investee has the following net assets at current appraised fair value and historical book value: Required a. Provide the journal entry on the investor's books for the purchase of the individual net assets of the investee. Assume the acquired net assets do not qualify as a business. b. Provide the journal entry on the investor's books for the purchase of the individual net assets of the investee. Assume the acquired net assets qualify as a business. c. Provide the journal entry on the investor's books for the purchase of the investee's business, assuming that the investor purchases the investee as a stock purchase