Exercise 3-2 On January 1, 2014, Polo Company purchased 100% of the common stock of Save Company by issuing 39,930 shares of its (Polo's) $10 par value common stock with a market price of $16.90 per share. Polo incurred cash expenses of $20,950 for registering and issuing the common stock. The stockholders' equity section of the two companies' balance sheets on December 31, 2013, were: Polo Save $331,510 Common stock, $10 par value Other contributed capital Retained earnings $349,900 546,940 367,490 158,720 184,587 (a) Prepare the journal entry on the books of Polo Company to record the purchase of the common stock of Save Company and related expenses. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit