Pro Corporation purchased 9,000 shares of Schroeder Corporation on January 1, 20X3, at book value. At that date, the fair value of the noncontrolling interest was equal to 52.6 percent of Schroeder's book value. On December 31, 20X8, Schroeder reported these balance sheet amounts: Assets Liabilities and Equities Cash $ 83,000 Accounts Payable $ 97,000 Accounts Receivable 129,000 Bonds Payable 110,000 Inventory 210,000 Common Stock 190,000 Buildings & Equipment 620,000 Additional Paid-In Capital 40,000 Less: Accumulated Depreciation (225,000 ) Retained Earnings 380,000 Total Assets $ 817,000 Total Liabilities & Equities $ 817,000 On January 1, 20X9, Schroeder issued an additional 4,000 shares of its $10 par value common stock to Nonaffiliated Company for $70 per share.

Required:

a. Compute the change in book value of the shares held by Pro as a result of Schroeders issuance of additional shares. (Do not round the percentage of stock held.)

b. Prepare the entry to be recorded on Pros 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

c. Record the consolidation entry needed to prepare a consolidated balance sheet immediately after Schroeders issuance of additional shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)