Pro Corporation purchased $10,000$ shares of Schroeder Corporation on January $1,20$X$3,$ at book value. At that date, the fair value of the noncontrolling Interest was equal to $47\mathrm{.}4$ percent of Schroeder's book value. On December $31,20$X$8,$ Schroeder reported these balance sheet amounts:

$\backslash$table$[[$Assets$,,$Liabtittes and Ecultles,$60],[$cash$,$$$82,000,$Necounts payable,$ $167,000],[$Rcaounts Recelvable,$120,000,$ponds gaysble,$100,000],[$Tnventory$,230,000,$conndox stode,$190,000],[$Du$11$dings and Equiphent,$650,600,$Additlona$1$ Pald$-$In Cap$-$tal,$30,000],[$Less : nccumulated Depreclation,$(215,000),$Retalned Earnings,$380,000],[$Total Assets,$ $867,000,$Total Liabilities and Equit.,S$.867,000]]$

On January $1,209,$ Schroeder issued an additional $3,000$ shares of its $$10$ par value common stock to Nonaffiliated Company for $$80$ per share.

Required:

a$.$ Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares.

b$.$ Prepare the entry to be recorded on Pro's books to recognize the change in book value of the shares it holds, assuming the change in book value is to be treated as an adjustment to additional paid in capital.

c$.$ Record the consolidation entry needed to prepare a consolidated balance sheet immediately after Schroeder's issuance of additional shares.

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Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares.

Note: Do not round the percentage of stock held.

Change in book value of shares

S$.$

$10(8)$