Entries for equity Investments; 20%50% ownership On January 4, 20y4, Ferguson Company purchased 72,000 shares of Silva Company's common stock directiy from one of the founders for a price of s50 per share. Silva has 200,000 shares outstanding, including the Daniels shares, On huly 7,20Y4, Silva paid 5176,000 in total dividends to its shareholderi. On December 31, 20Y4, Silva reported a net income of $661,000 for the year- a. Joutnalize the Ferguson Company entries for the transactions involving ts investment in 5 ilva Company during 204. If an amount box does not require an entry, leave it blanki. b. Determine the December 31, 20Y4, balance of Investment in Silva Company Stocki