Large Ltd. purchased 75% of Small Company on January 1, Year 6, for $720,000, when the statement of financial position for Small showed common shares of $510,000 and retained earnings of $210,000. On that date, the inventory of Small was undervalued by $57,000, and a patent with an estimated remaining life of five years was overvalued by $80,000. Small reported the following subsequent to January 1, Year 6: Year 6 Year 7 Year 8 Profit (Loss) $124,000 Dividends $36,000 (46,000) 101,000 21,000 51,000 A test for goodwill impairment on December 31, Year 8, indicated a loss of $20,400 should be reported for Year 8 on the consolidated income statement. Large uses the cost method to account for its investment in Small and reported the following for Year 8 for its separate-entity statement of changes in equity: Retained earnings, beginning Profit Dividends Retained earnings, end $610,000 310,000 (59,000) $ 861,000 Required: (a) Prepare the cost method journal entries of Large for each year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)