On January 1, 2023, Fisher Corporation purchased 40 percent ( 88,000 shares) of the common stock of Bowden, Incorporated, for $992,000 in cash and began to use the equity method for the investment. The price paid represented a $66,000 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 $94,000 cash dividend to its stockholders each year on September 15 . Bowden reported net income of $396,000 in 2023 and $346,000 in 2024 . Each income figure was earned evenly throughout its respective years. On July 1, 2024, Fisher sold 10 percent (22,000 shares) of Bowden's outstanding shares for $338,000 in cash. Although it sold this interest, Fisher maintained the ability to significantly influence Bowden's decision-making process. Required: Prepare the journal entries for Fisher for the years of 2023 and 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Record the acquisition of Bowden's shares. 2 Record the annual dividend declared and received from Bowden. 3 Record the accrual of income for 2023. 4 Record amortization for 2023. 5 Record the accrual of income through 07/01/24. 6 Record amortization through 07/01/24. 7 Record the sale of the shares. 8 Record annual dividend declared and received. 9 Record the accrual of income for the second half of the year. 10 Record the amortization for the second half of the year