Ryan Company owns \(80 \%\) of Lev Company. Information reported by Ryan Company and Lev Company as of the current year end follows:

Assume Lev Company issues 60,000 additional shares of previously authorized but unissued common stock solely to outside investors (none to Ryan Company) for \(\$ 12\) cash per share. Indicate the financial statement effects of this stock issuance on Ryan Company using the financial statement effects template.

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Ryan Company Shares owned of Lev ... Book value of investment in Lev. Lev Company Shares outstanding.... Book value of equity. Book value per share 80,000 $640,000 100,000 $800,000 $8