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help cant figure these out!!! inurnal entrv worksheet Journal entry worksheet Note: Enter debits before credits. On January 1, 2020. Fisher Corporation purchased 40 percent

help cant figure these out!!!
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inurnal entrv worksheet Journal entry worksheet Note: Enter debits before credits. On January 1, 2020. Fisher Corporation purchased 40 percent (74,000 shares) of the common stock of Bowden, inc, for $976,000 in cash and began to use the equity method for the investment. The price paid represented a $60,000 payment in excess of the book value of Fisher's share of Bowden's underlying net assets. Fisher was willing to make this extra payment because of a recently developed patent held by Bowden with a 15-year remaining life. All other assets were considered appropilately valued on Bowden's books. Bowden declares and pays a $96,000 cash dividend to its stockholders each year on September 15 . Bowden reported not income of $394.000 in 2020 and $348,000 in 2021 . Each income figure was eamed evenly throughout its respective years. On July 1, 2021, Fisher sold 10 percent (18,500 shares) of Bowden's outstanding shares for $328,000 in cash. A Athough it sold this interest, Fisher maintained the ability to significantly influence Bowden's decision-making process Prepare the journal entries for Fisher for the years of 2020 and 2021 . (it no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Do not round intermecilate calculations. Round your final answers to the nearest whole dollar.)

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