Big Company owns a 20 percent interest in Little Company purchases on January 1, 2020 for $210,000. Little reports net income of $200,00, $300,00 and $400,000 respectively in the next three years while declaring dividends of $50,000, $100,000, and $200,000

The fair vale values of Bigs investment in Little, as determined by market prices were $245,000, $282,000, and $325,000 at the end of 2020, 2021, and 2022, respectively.

Record journal entries for Big Companys investment in little company for 2021 by applying the equity method