Exercise 3-2 On January 1, 2020, Zach Company purchased 100% of the common stock of Erick Company by Issuing 42,700 shares of Its (Zach's) $10 par value common stock with a market price of $18.70 per share. Zach Incurred cash expenses of $20,300 for registering and issuing the common stock. The stockholders' equity section of the two companies' balance sheets on December 31, 2020, were: Common stock, $10 par value Other contributed capital Retained earnings Polo Save $323,200 $329,060 539,420 159,160 386,700 310,270 Prepare the journal entry on the books of Zach 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 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Indent manually.)