Kinman sold inventory with an original cost of $44,100 to Harper during 2020 at a price of $63,000. Harper still held $27,600 (transfer price) of this amount in inventory as of December 31, 2020. These goods are to be sold to outside parties during 2021. Kinman reported a $55,800 net loss and a $26,400 other comprehensive loss for 2020. The company still manages to declare and pay a $12,000 cash dividend during the year. During 2021, Kinman reported a $48,200 net income and declared and paid a cash dividend of $14,000. It made additional inventory sales of $104,000 to Harper during the period. The original cost of the merchandise was $65,000. All but 30 percent of this inventory had been resold to outside parties by the end of the 2021 fiscal year. Prepare all journal entries for Harper for 2020 and 2021 in connection with this investment. Assume that the equity method is applied. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)