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could you answer part B please? Pagle Corporation established a...

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Accounting

could you answer part B please?
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Pagle Corporation established a subsidiary to enter into a new line of business considered to be substantially more risky than Pagle's current business. Pagle transferred the following assets and accounts payable to Sand Corporation in exchange for 5,000 shares of $10 par value stock of Sand: Required: a. Prepare the journal entry that Pagle recorded for the transfer of assets and accounts payable to Sand. b. Prepare the journal entry that Sand recorded for recelpt of the assets and accounts payable from Pagle. Complete this question by entering your answers in the tabs below. Prepare the journal entry that Sand recorded for receipt of the assets and accounts payable from Pagle. Notes if no entry is required for a transactionfevent, select "No joumal entry required in the first account field

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