QUESTION 11 Roberttsson Company acquired 85% of Purppliece Inc, on January 31, 2021 in exchange fo cash. The book value of Purpplleee's individual assets and liabilities approximated their acquisition-date fair values. On the date of acquisition, Purpplleee reported the following: Current Liabilities $ 320,000 Cash Inventory Plant Assets (net) Property Total Asses $ 550,000 100,000 380,000 500,000 $1.530,000 Common Stock Retained Earnings Total Liabilities & Equity 160,000 1050,000 $ 1.530.000 During the year Purppileee Inc. reported $390,000 in net income and declared $19,000 in dividends. Robertsson accounts for their investment using the equity method. REQUIRED: 1. What journal entry will Robertsson make on the date of acquisition to record the investment in Purppliece Ine.? NOTE: Enter the account CODE as the name of the account. No s's. Include the comma for the dollar amount, if applicable GENERAL JOURNAL [b] 10 dl