Rami Corporation established on January 1, 2016. Along with other assets, it immediately purchased land for $160,000, a building for $480,000, and equipment for $180,000. On January 1, 2020, Rami transferred these assets, cash of $42,000, and inventory costing $74,000 to a newly created subsidiary, Tamara Company, in exchange for 20,000 shares of Tamaras $6 par value stock. Rami uses straight-line depreciation and useful lives of 40 years and 10 years for the building and equipment, respectively, with no estimated residual value.

Give the journal entry that Tamara recorded for the receipt of assets and issuance of common stock to Rami