PART Jan 7. Our company bought 200,000 shares of the common stock of Strawberry Company for $1,000,000. The total number of shares of Strawberry's common stock outstanding was 500,000. All of the book values of the net assets of Strawberry were equal to the fair value, except for equipment. The fair value of the equipment was $3,000 more than the book value. The remaining life the the equipment was 5 years. Make the journal entries for the following events. If an entry is not required for any of these events, type "No entry." Jan 7. The purchase of the Strawberry Company stock for cash. April 4. Strawberry declared and paid a cash dividend on the company's common stock of $3,000 (on all 500,000 shares). December 1. Strawberry Company reported net income for its fiscal year of $26,000 Jan Apr .Dec