#4

Idle Corporation has been acquiring shares of Fast Track Enterprises at book value for the last several years. Fast Track provided data Including the following: Fast Track declares and pays its annual dividend on November 15 each year. Its net book value on January 1,202, was $266,000. Idle purchased shares of Fast Track on three occasions: Required: Give the journal entrles to be recorded on ldle's books in 205 related to its investment in Fast Track. Note: If no entry is required for a transactlon/event, select "No jouinal entry requlred" In the flrst account fleld