On January 1, 2019 Wind Inc. acquired some of Rambler Co.'s outstanding common stock and categorizes the investment as an available-for-sale security. Information related to this acquisition and to Rambler Co.'s 2016 activity is given below:

Percentage of outstanding common stock acquired 16%

Acquisition value $200,000

Rambler's book value at 1/1/19 $975,000

2019 Information for Rambler Co:

Income $125,000

Dividends $26,000

On January 1, 2020, Wind Inc acquired additional shares of Rambler Co., which gave Wind the ability to significantly influence the decision making of Rambler. Information related to this acquisition and to Rambler Co.'s 2017 activity is given below:

Percentage of outstanding common stock acquired 25%

Acquisition value $315,500

2020 Information for Rambler Co:

Income $150,250

Paid dividends $35,200

Any excess acquisition value related to trademarks with a remaining useful life of 3

Also, during 2020 , Rambler sold inventory to Wind. Information relevant to this transaction follows:

2020

Transfer price $300,000

Cost to Rambler 275,000

Value of inventory resold during 2020 225,000

Required: Based on the above information, prepare the journal entries recorded by Wind in each year 2019-2021. Show all supporting calculations.