Consolidation entries at date of acquisition (purchase price greater than book value) A parent company exchanges 20,000 shares of its $1 par value common stock, with a market value of $10/share, for all of the shares owned by the subsidiary's shareholders, resulting in a $200,000 total purchase price. On the acquisition date, the subsidiary reported a book value of Stockholders' Equity of $150,000, comprised of $60,000 of Common Stock and $90,000 of Retained Earnings. An examination of the subsidiary's balance sheet revealed that book values were equal to fair values for all assets except for PPE (net), which has a book value of $80,000 and a fair value of $130,000. a. Prepare the entry that the parent makes to record the investment.