anyone can provide textbook solution from question 8-19 part 3 or answer it??

Problem 8-19 Financial statements of Par Corp. and its subsidiary Star Inc. on December 31, Year 12, are shown below: BALANCE SHEETS At December 31, Year 12 Cash Accounts receivable Inventories Land Plant and equipment Accumulated depreciation Investment in Star common shares Accounts payable Accrued liabilities Preferred shares Common shares Retained earnings Par $57,000 117,000 84,360 47,000 520,000 (197,000) 232,400 $860,760 $98,800 9,700 450,000 302,260 $860,760 Star $2,700 102,000 65,000 87,000 870,000 (317,000) $809,700 $197,000 13,400 67,000 180,000 352,300 $809,700 RETAINED EARNINGS STATEMENTS For the year ended December 31, Year 12 Par Balance, January 1 $297,2 Net income (loss) Dividends Balance, December 31 $302,2 Other Information - On January 1, Year 5, the balance sheet of Star showed the following shareholders' equity: $8 cumulative preferred shares, 500 shares issued Common shares, 2,000 shares issued Deficit (Note 1) Note 1: Dividends on preferred shares are two years in arrears. On this date, Par acquired 1,400 common shares of Star for a cash payment of $232,400. The plant had an estimated remaining useful life of five years on this date, and the long-term liabilities had a maturity date of December 30, Year 12. Any goodwill is to be tested annually for impairment. - Both Par and Star make substantial sales to each other at an intercompany selling price that yields the same gross profit as the sales they make to unrelated customers. Intercompany sales in Year 12 were as follows: - During Year 12, Par billed Star \$2,000 per month in management fees. At year-end, Star had paid for all months except for December. - The January 1, Year 12, inventories of the two companies contained unrealized intercompany profits as follows: - On July 1, Year 7, Star sold equipment to Par for $76,000. The equipment had a carrying amount in the records of Star of $56,000 on this date and an estimated remaining useful life of five years. - Goodwill impairment losses were recorded as follows: Year 7, \$83,000; Year 9, \$51,570; and Year 12, \$20,560. - Assume a 40% corporate tax rate. - Par has accounted for its investment in Star by the cost method. - All dividends in arrears were paid by December 31, Year 11. Required (c) On January 1, Year 13, Star issued common shares for $100,000 in cash. Because Par did not purchase any of these shares, Par's ownership percentage declined from 70 to 56%. Calculate the gain or loss that would be charged or credited to consolidated shareholders' equity as a result of this transaction