On January 1, 2013, Plano Company acquired 8 percent (28,000 shares) of the outstanding voting shares of the Sumter Company for $476,000, an amount equal to Sumters underlying book and fair value. On January 1, 2015, Plano purchased an additional 32 percent (112,000 shares) of Sumter for $2,245,750 in cash and began to use the equity method. This price represented a $60,000 payment in excess of the book value of Sumters underlying net assets. Plano was willing to make this extra payment because of a recently developed patent held by Sumter with a 15-year remaining life. All other assets were considered appropriately valued on Sumters books. On July 1, 2016, Plano sold 10 percent (35,000 shares) of Sumters outstanding shares for $980,000 in cash. Although it sold this interest, Plano maintained the ability to significantly influence Sumters decision-making process. Assume that Plano uses a weighted average costing system. Sumter declares and pays a cash dividend to its stockholders each year of $175,000 on September 15. Sumter reported the following net incomes in 2013, 2014, 2015, and 2016: Year Net Income 2013 $350,000 2014 421,200 2015 469,400 2016 445,300 Each income figure can be assumed to have been earned evenly throughout its respective year. In addition, the fair value of these shares is indeterminate. Prepare the journal entries for Plano for the years of 2013 through 2016 relating to its investment in Sumter stock. (If no entry is required for a transaction, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar.)

I just need the journal entries:

1.

Record the cost of 28,000 shares of Sumter Company.

2.

Record the annual dividends declared and received from Sumter Company for 2013. Because declaration and payment are on same day, a dividend receivable account is unnecessary.

3.

Record Plano's share of Sumter net income for 2013.

4.

Record any amortization of revaluation increments or decrements for 2013.

5.

Record change in fair value of investment in Sumter stock on December 31, 2013.

6.

Record any impairment of goodwill on December 31, 2013.

7.

Record the annual dividends declared and received from Sumter Company for 2014.

8.

Record Plano's share of Sumter net income for 2014.

9.

Record any amortization of revaluation increments or decrements for 2014.

10.

Record change in fair value of investment in Sumter stock on December 31, 2014.

11.

Record any impairment of goodwill on December 31, 2014.

12.

Record the cost of 112,000 additional shares of Sumter Company.

13.

Record the entry to recognize the retrospective effect of change to equity method for 2013 and 2014.

14.

Record the annual dividend declared and received from Sumter.

15.

Record Plano's share of the income for Sumter for 2015.

16.

Record any amortization of revaluation increments or decrements for 2015.

17.

Record change in fair value of investment in Sumter stock on December 31, 2015.

18.

Record any impairment of goodwill on December 31, 2015.

19.

Record Plano's share of the income for Sumter for January 1, 2016 to June 30, 2016.

20.

Record any amortization of revaluation increments or decrements for January 1, 2016 to June 30, 2016.

21.

Record change in fair value of investment in Sumter stock on June 30, 2016.

22.

Record any impairment of goodwill on June 30, 2016.

23.

Record the 35,000 shares of Sumter Company sold.

24.

Record the annual dividend declared and received.

25.

Record Plano's share of the income for Sumter for July 1, 2016 to December 31, 2016.

26.

Record any amortization of revaluation increments or decrements for July 1, 2016 to December 31, 2016.

27.

Record change in fair value of investment in Sumter stock on December 31, 2016.

28.

Record any impairment of goodwill on December 31, 2016.