Entries for equity Investments: 20%-50% ownership On January 4, 2074, Ferguson Company purchased 50,000 shares of Silva Company's common stock directly from one of the founders for a price of $41 per share. Silva has 200,000 shares outstanding, Indluding the Daniels shares. On July 2, 2074, Silva paid $135,000 in total dividends to its shareholders. On December 31, 2014, Silva reported a net income of $459,000 for the year. a. Journalize the Ferguson Company entries for the transactions involving its Investment in Silva Company during 2014. If an amount box does not require an entry, leave it blank 2014, Jan, 4 2014 July 2 2014, Dec. 31 b. Determine the December 31, 2014, balance of investment in Silva Company Stock