On January 1, 2020, Fisher Corporation purchased 40 percent ( 80,000 shares) of the common stock of Bowden, Inc., for $976,000 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 $92,000 cash dividend to its stockholders each year on September 15 . Bowden reported net income of $402,000 in 2020 and $346,000 in 2021. Each income figure was earned evenly throughout its respective years. On July 1, 2021, Fisher sold 10 percent (20,000 shares) of Bowden's outstanding shares for $332,000 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 2020 and 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Journal entry worksheet 3 4 5 Record the acquisition of Bowden's shares. Note: Enter debits before credits. Journal entry worksheet Record the annual dividend declared and received from Bowden. Note: Enter debits before credits. Journal entry worksheet 4 5 Record the accrual of income for 2020. Note: Enter debits before credits. Journal entry worksheet Record amortization for 2020 . Note: Enter debits before credits. Journal entry worksheet Record the accrual of income through 07/01/21. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 Record amortization through 07/01/21. Note: Enter debits before credits. hole dollar.) Journal entry worksheet 1234 Record the sale of the shares. Note: Enter debits before credits. Journal entry worksheet 123456 Record annual dividend declared and received. Note: Enter debits before credits. whole dollar.) Journal entry worksheet 1 2 3 4 6 7 Record the accrual of income for the second half of the year. Note: Enter debits before credits. Journal entry worksheet Record the amortization for the second half of the year. Note: Enter debits before credits