Effects of qualifying as a business on asset acquisitions Assume that on January 1, 2016 an investor company paid $17.400 to an investee company in exchange for the following assets and abilities transferred from the investee comerty Land $1,300 11,300 6580 3130 with 14t addition, the investor provided to the seller contingent consideration with a fair value of $200 and the investor paid an additional $600 of transaction costs to an unatilated third party. The caringent consition has a poem settlement value of $450 in two years, and is not a derivative financial instrument. The book values are from the investee's Snancial records immediately before the exchange. The fair values are meatured in a ASC 820 Fan Value Measurement Parts a and b are independent of each other If no additional debit or credit entries are required, select "No entry" as the answer. Provide the journal entry recorded by the investor company assuming that the net assets transferred from the investee bat qualify as a "business" as that term is defined in FASE ASC Description Produce equipmen Land Debi Cred Can Provide the journal entry recorded by the investor company assuming that the net assets transferred from the investee qualify as a Tusiness as that term is defined in FASB ASC Master Gary Description Production equipment Cred Land Ca