Pharoah Brian Inc, acquired 20% of the outstanding common stock of Theresa Carla Vista Inc. on December 31, 2025. The purchase price was $1,170,000 for 46,800 shares. Carla Vista Inc, declared and paid an $0,90 per a are cash dividend on June 30 and on December 31, 2026. Carla Vista reported net income of $802,000 for 2026. The fair value of Carla Vista's stock was $28 per share at December 31,2026 . Assume that the security is a trading security. (a) Prepare the journal entries for Pharoah Brian Inc for 2025 and 2026, assuming that Brian cannot exercise significant influence over Carla Vista. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)