Refer to the information given in problems 12-23 and 12-26* for Alamo and its subsidiary, Western Ranching. Assume that the U.S. dollar is the functional currency and that Alamo uses the basic equity method for accounting for its investment in Western Ranching Company.

\section*{Required}
Prepare the entries that would be recorded by Alamo Inc. in \(20 \times 3\) for its investment in Western Ranching. Your entries should include the following:
(1) Record the initial investment on January 1, 20X3.
(2) Record the dividend received by the parent company.
(3) Recognize the parent company's share of the equity income from the subsidiary.
(4) Record the amortizations of the differential.
Provide the necessary documentation and support for the amounts recorded in the journal entries.