On January 1, 20X9. Pitcher Corporation purchased 100 percent of Softball's stock. All tangible assets had a remaining economic life of 5 years at January 1, 20X9. Both companies use the FIFO inventory method. Softball reported net income of $34,000 in 209 and paid dividends of $3,900. Pitcher uses the equity method in accounting for its investment in Softball. Requlred: Prepare all journal entries that Pitcher recorded during 209 with respect to its investment assuming Pitcher paid $477,500 for the ownership of Softball on January 1, 20X9. The amount of the differential assigned to goodwill is not impaired. (If no entry ls requlred for a trensection/event, select "No journel entry requlred" In the flrst account fleld.) Journal entry worksheet