Entries for equity investments: 20%50%6 ownerahip On January 4, 20y4, Farguson Company purchased 75,000 shares of Silva Company's common stock directly from one of the founders for a price of s61 per share. Silva has 300,000 shares outstanding, including the Daniels shares, Qn July 2,20y4, Silva paid $213,000 in total dividends to its shareholders. On December 31,20y4,5 ilva reported a net income of $689,000 for the yesf. a. Journalize the Ferguson Company entries for the transactions involving its investment in 5 ilva Comparyy during 20 y. 1 if an amount box does not require an entry, leave it biank. b. Determine the December 31,20y4, balance of lnvestment in Silva Company Stock