Question 9, E16-4 (similar to) Part 1 of 4 HW Score: 26.47%, 5.82 of 22 points O Points: 0 of 1 Save Share prices at the end of years 1 and 2 are presented below. (Click the icon to view the share prices at the end of years 1 and 2.) Read the requirements. = Homework: Week Two Moore Equipment Corporation acquired the following equity investments at the beginning of Year 1. Moore does not have significant influence over the investees. Both companies are publicly traded. (Click the icon to view the equity investments.) Requirement a. Prepare the journal entry to record the acquisition of the investments. (Prepare a single compound entry. Record debits first, then credits. Exclude explanations from any journal entries.) Account Data table Description Hodge Company Palm Group Number of shares 10,560 8,405 $ 49 $ 96 Market price per share X X $ 517,440 $ 806,880 Share acquisition price Acquisition Data table Fair Value End of year 1 Hodge Company $ 55 Palm Group $ 87 End of year 2 $ 50 $ 92 Print Done