Q2- Parent Company owns 90% of ABC Company's 100,000 shares. Parent sells 50,000 ABC shares for $9 cash per share. Non-controlling Interest recorded on Parent's consolidated balance sheet just prior to this transaction was 97,000. The value of ABC's net assets recorded on Parent's consolidated balance sheet, updated for AAP amortization to the date of the stock issuance, was 511,000 before the stock issuance. The fair value of Parent's retained investment in ABC was 36,000. What is the amount of the gain or loss that must be recorded by Parent on the date of the sale of ABC stock? (enter a negative sign before the number to indicate a loss Q6- Parent Company owns 100% of ABC Company's 100,000 shares. ABC issues 25,000 new shares to the public for $9 cash per share and Parent Co. acquires none of the shares. The book value of ABC's net assets before the stock issuance was 330,000. AAP associated with the acquisition of ABC's net assets, updated for AAP amortization to the date of the stock issuance, was 280,000 prior to the stock issuance. What is the amount of Non-controlling Interest that must be recorded on Parent's consolidated financial statements as of the date of the stock issuance