Prepare the entry to be made on the books of Plutonium Corporation to record its investment in Sulfurst Inc. Assume that during the first two years after acquisition of Sulfurst Inc., Sulfurst reports the following changes in its retained earnings:

Retained earnings, January 1, 2017		$129,200
Net income, 2017		41,200
Less: dividends, 2017		(24,000	)
Net income, 2018		44,300
Less: dividends, 2018		(23,400	)
Retained earnings, December 31, 2018		$167,300

(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

On January 1, 2017, Plutonium Corporation acquired 80% of the outstanding stock of Sulfurst Inc. for $287,900 cash. The following balance sheet shows Sulfurst Inc's book values immediately prior to acquisition, as well as the appraised values of its assets and liabilities by Plutonium's experts. Sulfurst Inc.'s Book Values Sulfurst Inc.'s Market Values Current assets $87.800 $87,800 Property, plant & equipment: Land 81,500 102,400 Building & machinery (net) 169,200 169,200 Total assets $338,500 Total liabilities $95,000 $95,000 Common stock, $5 par value 93,800 Additional paid-in-capital 20,500 Retained earnings 129,200 Total liabilities and equities $338,500