Missoma, Inc. bought 30% of Quarton Company on January 1, 2020 for $270,000. The equity method was used. No amortization was required. In 2020, Quarton shipped to Missoma merchandise with a cost of $18,000 and a selling price of $27,000. One-third of the merchandise remained in Missonia's inventory at year-end and was sold in 2021. In 2021, Quarton received merchandise from Missoma, who recorded a gross profit of $24,000 on the sale. One-fourth of the merchandise remained in ending inventory. Quartoa reported net income of $60,000 in 2020 and $72,000 in 2021. Dividends of $7,200 were paid to Missoma each year. Prepare all equity method entries for 2021