Exercise 4-9 On October 1, 2015, Para Company purchased 90% of the outstanding common stock of Star Company for $203,400. Additional data concerning Star Company for 2015 follows: Common stock Other contributed capital Retained earnings, 1/1 Net income Dividends declared and paid (12/15) $74,100 28,100 67,500 65,000 9,600 Any difference between book value and the value implied by the purchase price relates to goodwill. Para Company uses the partial equity method to record its investment in Star Company. (a) Prepare on Para Company's books journal entries to record the investment-related activities for 2015. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To record investment in subsidiary) (To account for prorated stake in equity) (To account for reduction in equity due to dividends) Click if you would like to Show Work for this question: Open Show Work