Jean Company own 90% Equity of Lars Company in December 31, 2016, is shown as follows: Jean Lars Common Stock $10.000 $ 800.000.000 $ 640.000.000 Retained Earnings $ 300.000.000 $ 250.000.000 Total $ 1.100.000.000 $ 890.000.000 Jean Company's investment account as of this date is equal to its book value. On January 1, 2017, Lars Issued 25.000 new shares at $14.000 per share Question: 1. Calculate the precentage owned by Jean in Lars if the 25.000 shares were purchased entirely by Lars. 2. Calculate the precentage owned by Jean in Lars if the 25,000 new shares are purchased entirely by the public. 3. If the 25,000 new shares were purchased entirely by public, prepare the journal entries required by Jean Company to calculate the effect of Jean Investment in Lars. Assuming no gain or loss is recognized.