Foster Corporation established Kline Company as a wholly owned subsidiary. Foster reported the following balance sheet amounts immediately before and after it transferred assets and accounts payable to Kline Company in exchange for 4,900 shares of $11 par value common stock:

Required:

Prepare the journal entries to be made by Sun to record its investment in Tender and its payment of the finders fees. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1

Record the acquisition of assets.

2

Record the payment of finder's fees.