QS C-13 Reporting stock investments with insignificant influence LO P4 On May 20, Montero Co. paid $168,000 to acquire 45 shares (7%) of ORD Corp. as a long-term investment. On August 5, Montero sold one-tenth of the ORD shares for $19,500. 1. Prepare entries to record both the acquisition and the sale of these shares. 2. Should this stock investment be reported at fair value or at cost on the balance sheet? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries to record both the acquisition and the sale of these shares. Debit Credit General Journal No Date 168.000 1 May 20 Stock Investments Cash 168,000 19,500 1,950 SIX 2 Aug 05 Cash Stock investments Gain on sale of stock investments slo 21.450 Required Required 2 >