Entries for equity investments: 20%50% ownership On January 4, 20Y4, Ferguson Company purchased 140,000 shares of Silva Company's common stock directly from one of the founders for a price of $38 per share. Silva has 350,000 shares outstanding, including the Daniels shares. On July 2, 20Y4, Silva paid $406,000 in total dividends to its shareholders. On December 31, 20Y4, Silva reported a net income of $1,259,000 for the year. a. Journalize the Ferguson Company entries for the transactions involving its investment in Silva Company during 20Y4. If an amount box does not require an entry, leave it blank. 20Y4, Jan. 4 Investment in Silva Company Stock Investment in Silva Company Stock Investment in Silva Company Stock Cash Cash Cash 20Y4, July 2 Cash Cash Cash Investment in Silva Company Stock Investment in Silva Company Stock Investment in Silva Company Stock 20Y4, Dec. 31 Investment in Silva Company Stock Investment in Silva Company Stock Investment in Silva Company Stock Income of Silva Company Income of Silva Company Income of Silva Company b. Determine the December 31, 20Y4, balance of Investment in Silva Company Stock. $fill in the blank 9ba694030fb7f99_1