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Question 19 (8 points) Pedro Corporation acquired 70 percent of Strop Company on January 1, 2020, by issuing 19,000 shares of $1 par common stock.

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Question 19 (8 points) Pedro Corporation acquired 70 percent of Strop Company on January 1, 2020, by issuing 19,000 shares of $1 par common stock. The market value of the Pedro stock on this date was $14 per share. Pedro paid $12,000 to a third party for help in arranging the business combination and $6,000 to register and issue the shares issued in the acquisition. REQUIRED:I PEDRO'S ACQUISITION DATE_(COMBINED) JOURNAL ENTRY) WOULD INCLUDE: NOTE: BE SURE TO TYPE A SIMPLE NUMBER WITH NO COMMAS OR DOLLAR SIGNS. FOR EXAMPLE, TYPE 1000 INSTEAD OF $1,000

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