Sykora Company
Shares owned of Walton	80,000
Book value of investment in Walton	$800,000
Walton Company
Shares outstanding	100,000
Book value of equity	$1,000,000
Book value per share	$10

Assume Walton issues 60,000 additional shares of previously authorized but unissued common stock solely to outside investors (none to Sykora) for $16 cash per share. Indicate the financial statement effects of this stock issuance on Sykora using the financial statement effects template.