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: Book Value Fair Value Inventory Other current assets Marketable securities Plant and equipment $50,600 197,200 98,100 304,100 $69,800 197,200 122,900 324,700 (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 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 Click if you would like to Show Work for this question: Open Show Work