On Jan 1, Salem Company acquired a controlling interest in Abdulla Company by purchasing 15,000 shares of Abdula Company's stock from a local stock broker. This was the first time that Salem Company had invested in Abdulla Co, stock. On that das San Company's stock had a par value of $1 per share and a market value of $30 per share. Abdulla company stock was selling for 23 per than Information about Abdulla Company assets and liabilities is listed below. Abdulla Co. Abdulla Co Book Values Fair Values Cash & Receivables 45,000 45.000 Inventory 65,000 75,000 70,000 40,000 Land 350.000 400,000 Buildings & Equipment (150,000) Accumulated Depreciation Patent 80,000 110,000 100,000 Current Liabilities Required: Provide the journal entry made by Salem Co to record the acquisition. ...T Arial 3 (12pt) " Save Al Answers Paragraph oll answers