Stake Company reported the following summarized balance sheet data as of December 31, 20X2 Cash Accounts Receivable Inventory Buildings & Equipment Less: Accumulated Depreciation Total Assets $ 32,000 83,000 98,000 284,000 Accounts Payable Common Stock Retained Earnings $42,000 130,000 195,000 (130,000) $367,000 Total Liabilities &Equities $367,000 Stake issues 4,500 additional shares of its $10 par value stock to its shareholders as a stock dividend on April 20, 20X3. The market price of Stake's shares at the time of the stock dividend is $50. Stake reports net income of $29,000 and pays a $10,500 cash dividend in 20X3. Pole Company acquired 70 percent of Stake's common shares at book value on January 1, 20X1. At that date, the fair value of the noncontrolling interest was equal to 30 percent of Stake's book value. Pole uses the equity method in accounting for its investment in Stake