On January 1201, Pasta Company purchased 42,000 of the 50,000 outstanding common shares of Sauce Corp. for $1,176,000. On January 1,201, Sauce's shareholders' equity consisted of common shares, $300,000 and retained earnings, $712,000. The acquisition differential was allocated partly to Equipment with fair value exceeding book value by $200,000 and a remaining useful life of 5 years, and the balance to goodwill. During 20x1, Sauce reported net income of $520,000 and declared and paid dividends of $250,000. On January 1,202, Sauce issued 6,000 shares at $35 per share. Pasta did not participate in this transaction. During 20x2, Sauce reported net loss of $200,000 and declared and paid dividends of $20,000. A goodwill impairment test indicated an impairment loss of $100,000. On January 1, 20x3, Pasta sold 6,160 of Sauce shares at $31 per share. What was Pasta's ownership percentage in Sauce after the January 1, 202 issuance of shares by Sauce? participate in this transaction. During 202, Sauce reported net loss of $200,000 and declared and paid dividends of $20,000. A goodwill impairment test indicated an impairment loss of $100,000. On January 1, 20x3, Pasta sold 6,160 of Sauce shares at $31 per share. What was Pasta's ownership percentage in Sauce after the January 1, 202 issuance of shares by Sauce? 84% 64% 75% 95%