On January 1, 2024, Oriole Company purchased 7,552 shares of Waterway Company's common stock for $118,000. Immediately after the stock acquisition, the statements of financial position of Oriole and Waterway appeared as follows: Assets Cash Oriole Waterway $36,870 $20,740 Accounts receivable 51,290 30,340 Inventory 45,700 26,570 Investment in Waterway Company 118,000 Plant assets 167,920 99,910 Accumulated depreciation-plant assets (56,350) (18,070) Total $363,430 $159,490 Liabilities and Owners' Equity Current liabilities $16,990 $25,820 Mortgage notes payable 38,470 Common stock, $10 par value 112,600 94,400 Other contributed capital 130,700 15,580 Retained earnings 64,670 23,690 Total $363,430 $159,490 (a1) Your answer is correct. Calculate the percentage of Waterway acquired by Oriole Company. Percentage of Waterway acquired 80 % Attempts: 1 of 1 used Prepare a schedule to compute the difference between book value of equity and the value implied by the purchase price. Any difference between the book value of equity and the value implied by the purchase price relates to subsidiary plant assets. Parent Share Non- Controlling Entire Share Value $ $ $