On January 1, 2023, Fisher Corporation purchased 40 percent (80,000 shares) of the common stock of Bowden, Incorporated, for $976,000 in cash and began to use the equity method for the Investment. The price paid represented a $60,000 payment in exce 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 or Bowden's books. Bowden declares and pays a $92,000 cash dividend to its stockholders each year on September 15. Bowden reported net Income $402,000 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 (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. 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. View transaction fist Journal entry worksheet < 1 2 3 4 5 6 7 Record the acquisition of Bowden's shares. Note: Enter debits before credits. Date 01/01/2023 General Journal Debit 10 Credit 1 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.