EX $15-6$ Entries for equity investments: $20$ On January $4,20Y4,$ Ferguson Company purchas for a price of $$30$ per share common stock directly from one of the founders for a price of $$30$ per share. Silva has $1,200,000$ shares outstanding, including the Daniels shares. On July $2,20$Y$4,$ Silva paid $$750,000$ in total dividends to its shareholders. On December $31,20Y4,$ Silva reported a net income of $$2,000,000$ for the year.

a$.$ Journalize the Ferguson Company entries for the transactions involving its investment in Silva Company during $20Y4.$

b$.$ Determine the December $31,20$Y$4,$ balance of the investment in Silva Company stock account.