On January 1, 2017, Fisher Corporation purchased 40 percent (80, 000 shares) of the common stock of Bowden, Inc., for $982, 000 in cash and began to use the equity method for the investment. The price paid represented a $60, 000 payment in excess of the book value of Fisher's share of Bowden's underlying net assets. Fisher was willing to make this extra payment because of a recently developed patent held by Bowden with a 15-year remaining life. All other assets were considered appropriately valued on Bowden's books. Bowden declares and pays a $100, 000 cash dividend to its stockholders each year on September 15. Bowden reported net income of $400, 000 in 2017 and $380, 000 in 2018. Each income figure was earned evenly throughout its respective years. On July 1, 2018, Fisher sold 10 percent (20, 000 shares) of Bowden's outstanding shares for $330, 000 in cash. Although it sold this interest, Fisher maintained the ability to significantly influence Bowden's decision-making process. Prepare the journal entries for Fisher for the years of 2017 and 2018