Webb Company owns 90% of Jones Company. The original balances presented for Jones and Webb as of January 1, 2013, are as follows: Jones sells 20,000 shares of previously unissued shares of its common stock to outside parties for $10 per share. What adjustment is needed for Webb's investment in Jones account? No adjustment is necessary. $180,000 increase. $30,000 decrease. $180,000 decrease. $30,000 increase.

Jones Company:

Shares Outstanding: 100,000

Book value of Jones 1,200,000

Book value per share $12

Web Company:

Shares owned of Jones 90,000

Book value of investment 1,080,000