On January 1,2020, Fisher Corporation purchased 40 percent (90,000 shares) of the common stock of Bowden, Inc., for $974.000 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 iffe. All other assets were considered approprlately 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 $386,000 in 2020 and $344,000 in 2021 . Each income figure was earned evenly throughout its respective years. On July 1, 2021. Fsher sold 10 percent 22,500 shares) of Bowden's outstanding shares for $326,000 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 s transectlon/event, select "No Journal entry required" In the first account fleld. Do not round Intermedlote calculations. Round your final answers to the nearest Whole dollar.)