• Record the entry to recognize the impact of selling of 10,000 shares at $45 per share
• Record the entry to recognize the impact of selling of 2,000 shares at $34 per share.

Albuquerque, Inc., acquired 24,000 shares of Marmon Company several years ago for $820,000. At the acquisition date, Marmon reported a book value of $910,000, and Albuquerque assessed the fair value of the noncontrolling Interest at $205,000. Any excess of acquisition-date falr value over book value was assigned to broadcast licenses with indefinite lives. Since the acquisition date and until this point, Marmon has issued no additional shares. No Impairment has been recognized for the broadcast licenses. At the present time, Marmon reports $1,040,000 as total stockholders' equity, which is broken down as follows: Common stock ($12 par value) Additional paid-in capital Retained earnings Total $360,000 450,000 230,000 $1,040,000 View the following as independent situations: a. & b. Marmon sells 10,000 and 2,000 shares of previously unissued common stock to the public for $45 and $34 per share. Albuquerque purchased none of this stock. What journal entry should Albuquerque make to recognize the impact of this stock transaction? (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Do not round your Intermediate calculations.)