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 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.

\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}