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Sykora Company owns 80% of Walton Company. Information reported by Sykora and Walton as of the current year end follows. Assume Walton issues 60,000 additional

Sykora Company owns 80% of Walton Company. Information reported by Sykora and Walton as of the current year end follows.

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Assume Walton issues 60,000 additional shares of previously authorized but unissued common stock solely to outside investors (none to Sykora) for $14 cash per share. Indicate the financial statement effects of this stock issuance on Sykora using the financial statement effects template.

I need help figuring out Noncash assets and Contributed Capital.

image text in transcribed \begin{tabular}{l|r} \hline Sykora Company & \\ \hline Shares owned of Walton & 80,000 \\ \hline Book value of investment in Walton & $720,000 \\ \hline Walton Company & \\ \hline Shares outstanding & 100,000 \\ \hline Book value of equity & $900,000 \\ \hline Book value per share & $9 \end{tabular}

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