On January 1, 2022, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a book value of $550,000 and liabilities of $300,000. A patent held by Sacco having a book value of $10,000 was actually worth $40,000 with a six year remaining life. Any goodwill associated with this acquisition is considered to have an indefinite life. During 2022, Sacco reported income of $50,000 and paid dividends of $20,000 while in 2023 it reported income of $75,000 and dividends of $30,000. Assume Dawson has the ability to significantly influence the operations of Sacco.

1. The amount allocated to goodwill at January 1, 2022
2. The equity in income of Sacco for 2022,
3. The equity in income of Sacco for 2023,
4. The balance in the Investment in Sacco account at December 31, 2022,
5. The balance in the Investment in Sacco account at December 31, 2023,

each part of the question need journal entries at the end