Exercise 5-3 Pace Company purchased 20,000 of the 25,000 shares of Saddler Corporation for $509,900. On January 3, 2014, the acquisition date, Saddler Corporation's capital stock and retained earnings account balances were $490,600 and $100,600, respectively. The following values were determined for Saddler Corporation on the date of purchase: Inventory Other current assets Marketable securities Plant and equipment Book Value Fair Value $50,600 $69,800 197,200 197,200 98,100 122,900 304,100 324,700 (a) Prepare the entry on the books of Pace Company to record its investment in Saddler Corporation. (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.) Account Titles and Explanation Debit Credit