Pro Corporation purchased $12,000$ shares of Schroeder Corporation on January $1,20$X$3,$ at book value. At that date, the falr

the noncontrolling Interest was equal to $20\mathrm{.}0$ percent of Schroeder's book value. On December $31,20$X$8,$ Schroeder report

balance sheet amounts:

On January $1,20$X$9,$ Schroeder issued an additional $3,000$ shares of its $$10$ par value common stock to Nonaffillated Comp

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

In book value is to be treated as an adjustment to additional pald$-$In capital.

c$.$ Record the consolidation entry needed to prepare a consolidated balance sheet Immediately after Schroeder's Issuance

additional shares.

Complete this question by entering your answers in the tabs below.

Record the consolidation entry needed to prepare a consolidated balance sheet immediately after Schroeder's issuance of additio

shares.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Consolidation

Worksheet Entries

A

Record the basic consolidation entry.

Note: Enter debits before credits.