PART 5: Assume that Subsidiary is not dissolved and that Parent paid $450,000 cash for all of Subsidiary's outstanding common stock. Also, assume that Parent paid $30,000 in merger-related consulting and legal expenses relating to this business combination. Further, assume the pre-acquisition data provided on page one. REQUIRED: Record the journal entry or entries on Parent's books. (If no entry is required, indicate NO ENTRY REQUIRED.)