P2-18 Retroactive Recognition Idle Corporation has been acquiring shares of Fast Track Enterprises at book value for the last several years. Fast Track provided data including the following: 20X2 20X3 20X4 20X5 Net Income $40,000 $60,000 $40,000 $50,000 Dividends 20,000 20,000 10,000 20,000 94 Chapter 2 Reporting Intercorporate Investments and Consolidation of Wholly Owned Subsidiaries with No Differential Required Give the journal entries to be recorded on Idle's books in 20X5 related to its investment in Fast Track