On January 1, 2018, Sato Corp. acquired a 42% interest in Perez Inc.for $300,000. On that date, Perez's balance sheet disclosed net assets of $410,000. During 2019, Perez reported net income of $134,000 and paid cash dividends of $40,000. Sato sold inventory costing $53,000 to Perez during 2019 for $65,000. Perez used all of this merchandise in its operations during 2019. Any excess cost over fair value is attributable to an unamortized trademark with a 20-year remaining life

Need assistance preparing Sato's Journal entries for 2019 to apply the equity method to this investment