Idle Corporation has been acquiring shares of Fast Track Enterprises at book value for the last several years. Fast Track provided data including the following: Net Income Dividends 20X2 $40,000 20,000 20X3 $60,000 20,000 20X4 20X5 $40,000 10,000 $50,000 20,000 Fast Track declares and pays its annual dividend on November 15 each year. Its net book value on January 1, 20X2, was $250,000. Idle purchased shares of Fast Track on three occasions: Date January 1, 20X2 July 1, 20X3 January 1, 20X5 Percent of Ownership Purchased 10% 5 10 Amount Paid $25,000 15,000 34,000 Required: Give the journal entries to be recorded on Idle's books in 20X5 related to its investment in Fast Track. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)