Poseidon Company purchases $80$ percent of the common stock of Stuart Company on January $1,2020,$ when Stuart has the following stockholders equity accounts:Common stock$40,000$ shares outstanding $ $100,000$Additional paid$-$in capital $75,000$Retained earnings, $1/1/20540,000$Total stockholders equity $ $715,000$To acquire this interest in Stuart, Poseidon pays a total of $$592,000.$ The acquisition$-$date fair value of the $20$ percent noncontrolling interest was $$148,000.$ Any excess fair value was allocated to an indefinite$-$lived intangible, which has not experienced any impairment.On January $1,2021,$ Stuart reports retained earnings of $$620,000.$ Poseidon has accrued the increase in Stuarts retained earnings through application of the equity method.Required:On January $1,2024,$ Stuart issues $10,000$ additional shares of common stock for $$25$ per share. Poseidon acquires $8,000$ of these shares. Compute the effect of this transaction on the parent company's Additional Paid$-$In Capital account.On January $1,2024,$ Stuart issues $10,000$ additional shares of common stock for $$15$ per share. Poseidon does not acquire any of this newly issued stock. Compute the effect of this transaction on the parent companys Additional Paid$-$In Capital account.On January $1,2024,$ Stuart reacquires $8,000$ of the outstanding shares of its own common stock for $$24$ per share. None of these shares belonged to Poseidon. Compute the effect of this transaction on the parent companys Additional Paid$-$In Capital account.