On January $1,2$XX$2,$ a parent purchases all of the stock of its subsidiary for $$30,000.$ The subsidiary reports Stockholders$$ Equity of $$24,000$ on the date of purchase. The parent assigns the $$6,000$ excess purchase price to an undervalued building owned by the subsidiary. The building has a $20-$year remaining life. All other net assets of the subsidiary have fair values approximating their recorded pre$-$acquisition carrying values. Subsequent to the acquisition, the subsidiary reports $$3,000$ of net income and pays dividends of $$1,800$ during the year ended December $31,2$XX$2.$Bookkeeping for an Equity Method Investment

$31,22.$

Provide the following journal entries:

a$.$ Record the initial investment at January $1,22.$

b$.$ Record the recognition of Equity Income by the parent for the year ended December $31,2\backslash$times $\backslash$times $2.$

c$.$ Record the receipt of the dividend during $2$ XXX $.$