Assume an investor purchases an investee's net assets with a cash payment of $1,200 and issuance to the investee's shareholders of 240 shares of $1 par value common stock with a current fair value of $28.50 per share. In addition, we assume the purchaser paid an additional $60 of transaction costs to a third party (e.g., appraiser or broker) and provided the seller with contingent consideration with a fair value of $240 at the date of acquisition. The investee has the following net assets at current appraised fair value and historical book value: 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. Assume an investor purchases an investee's net assets with a cash payment of $1,200 and issuance to the investee's shareholders of 240 shares of $1 par value common stock with a current fair value of $28.50 per share. In addition, we assume the purchaser paid an additional $60 of transaction costs to a third party (e.g., appraiser or broker) and provided the seller with contingent consideration with a fair value of $240 at the date of acquisition. The investee has the following net assets at current appraised fair value and historical book value: 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