QUESTION 1 On March 1, 2020, Pinnacle Prairie Corporation sold 100 shares of common stock to Tahoe Lake Venue. Each share of stock cost Tahoe $44. Pinnacle's par value of one share of common stock is $2. Tahoe buys the stock with the intention of holding it for 3 years. The shares of stock which Tahoe purchases of Pinnacle represent a 1% ownership interest Answer the following questions from Pinnacle's point of view. 1. What is the incremental impact of the sale of stock on net income? QUESTION 1 On March 1, 2020, Pinnacle Prairie Corporation sold 100 shares of common stock to Tahoe Lake Venue. Each share of stock cost Tahoe $44. Pinnacle's par value of one share of common stock is $2. Tahoe buys the stock with the intention of holding it for 3 years. The shares of stock which Tahoe purchases of Pinnacle represent a 1% ownership interest Answer the following questions from Pinnacle's point of view. 1. What is the incremental impact of the sale of stock on net income