Pace Company purchased 20,000 of the 25,000 shares of Saddler Corporation for $509,900. On January 3, 2014, the acquisition date, Saddler Corporations capital stock and retained earnings account balances were $490,600 and $100,600, respectively. The following values were determined for Saddler Corporation on the date of purchase:

		Book Value		Fair Value
Inventory		$50,600		$69,800
Other current assets		197,200		197,200
Marketable securities		98,100		122,900
Plant and equipment		304,100		324,700

Prepare the entry on the books of Pace Company to record its investment in Saddler Corporation. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit accou indent manually.) Account Titles and Explanation Debit Credit Investment in Subsidiary 509,900 Cash 509,900 SHOW LIST OF ACCOUNTS edy LINK TO TEXT Prepare a Computation and Allocation Schedule for the difference between book value and the value implied by the purchase price in the consolidated statements workpaper. Parent Share Non- Controlling Share Entire Value Purchase Price and Implied Value 509,900 127,475 637,375 596,100 Less Book Value of Equity Acquired Difference between Implied and Book Value V 48,675 -19,200 Inventory Marketable Securities -24,800 Plant and Equipment V -20,600 Balance Gain Increase Noncontrolling Interest to Fair Value of Assets Total Allocated Bargain Balance 0 $ 0 SHOW LIST OF ACCOUNTS LINK TO TEXT Type here to search ORA Isus