P2 - 18 Changes in the Number of Shares Held LO 2 - 2, 2 - 3 Idle Corporation has been acquiring shares of Fast Tra Track Enterprises at book value for the last several years. Fast Track provided data including the following: Net Income Dividends 20x2 $40.000 20,000 20X3 $60,000 20.000 20X4 $40,000 10,000 20X5 $50,000 20,000 Fast Trek declares and pays its annual dividend on November 15 each year. In net book value on January 1, 20x2, was $250,000. Idle purchased shares of Fut Track on the occasions Date Percent of Ownership Purchased Amount Paid 10% January 1, 20X2 July 1, 20X3 January 1, 2005 5 $25,000 15,000 34,000 10 Required Cive the journal entries to be recorded on Idle books in 20X5 related to its lavestment in Fast Track