Entries for equity investments: 20%-50% ownership On January 4, 2014, Ferguson Company purchased 160,000 shares of Silva Company's common stock directly from one of the founders for a price of $58 per share. Siva has 400,000 shares outstanding, including the Daniels shares. On July 2, 2014, Silva paid $464,000 in total dividends to its shareholders on December 31, 2014, Silva reported a net income of $1,494,000 for the year - Journalize the Ferguson Company entries for the transactions involving its Investment in Siva Company during 2074, an amount box does not require an entry leave it blank 2014, Jan, 4 2014 July 2 2014, Dec. 31 8 b. Determine the December 31, 2014, balance of Investment in Silva Company Stock