parent co. owns 90% of the 10,000 outstanding shares of subsidiary co.'s common stock on december 31, year 1. on that date, the stockholders' equity of subsidiary was $150,000, consisting of $100,000 of no-par common stock and $50,000 of retained earnings. on january 2, year 2, subsidiary issued 2,000 previously unissued shares for $24,000 to various outside investors. as a consequence of this transaction, parent's ownership share was reduced to 75%. which of the following correctly reports this transaction?