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Ibuquerque, Incorporated, acquired 16,000 shares of Marmon Company several years ago for $600,000. At the acquisition date, larmon reported a book value of $710,000, and Albuquerque assessed the fair value of the noncontrolling interest at $150,000. Any xcess of acquisition-date fair value over book value was assigned to broadcast licenses with indefinite lives. Since the acquisition ate and until this point, Marmon has issued no additional shares. No impairment has been recognized for the broadcast licenses. t the present time, Marmon reports $800,000 as total stockholders' equity, which is broken down as follows: iew the following as independent situations: equired: \& b. Marmon sells 5,000 and 4,000 shares of previously unissued common stock to the public for $47 and $33 per share. Ibuquerque purchased none of this stock. What journal entry should Albuquerque make to recognize the impact of this stock ansaction? ote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your termediate calculations. Journal entry worksheet Record the entry to recognize the impact of selling of 5,000 shares at $47 per share. Record the entry to recognize the impact of selling of 4,000 shares at $33 per share

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