In early January 2023, Pronghorn Inc., a private enterprise that applies ASPE, purchased 40% of the common shares of Washi Corp. for $426,000. Pronghorn was now able to exercise considerable influence in decisions made by Washi's management. Washi's statement of financial position reported the following information at the date of acquisition: Assets not subject to being amortized $213,000 Assets subject to depreciation (10 years average life remaining) 645,000 Liabilities 120,000 Additional information: 1. Both the carrying amount and fair value are the same for non-depreciable assets and for liabilities. 2. The fair value of the assets subject to depreciation is $780,000. 3. The company depreciates its capital assets on a straight-line basis. 4. Washi reported net income of $170,000 and declared and paid dividends of $116,000 in 2023. (a) Prepare the journal entry to record Pronghorn's investment in Washi. Assume that any unexplained payment is goodwill.