Pistol Corporation purchased 100 percent ownership of Scope Products on January 1,206, for $63,000, at which time Scope Products reported retained earnings of $14,000 and capital stock outstanding of $26,000. The differential was attributable to patents with a life of eight years. Income and dividends of Scope Products were: Required: 1. Prepare the equity-method entries that Pistol should record to account for this investment in 206,207, and 208. 2. What is the balance of the Investment in Scope account on Pistol's balance sheet at December 31, 20X8, after all required equitymethod entries have been recorded? Complete this question by entering your answers in the tabs below. Prepare the equity-method entries that Pistol should record to account for this investment in 20X6, 20X7, and 208. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of Scope Company on January 1,206. Note: Enter debits before credits. Journal entry worksheet Record the dividend from Scope Company for 206. Note: Enter debits before credits. Journal entry worksheet Record the equity-method income/loss for 206. Note: Enter debits before credits. Journal entry worksheet Record the amortization of the differential value for 206. Note: Enter debits before credits. Journal entry worksheet Record the dividend from Scope Company for 207. Note: Enter debits before credits. Journal entry worksheet Record the equity-method income/loss for 207. Note: Enter debits before credits. Journal entry worksheet Record the amortization of the differential value for 207. Note: Enter debits before credits. Journal entry worksheet Record the dividend from Scope Company for 208. Note: Enter debits before credits. Journal entry worksheet Record the equity-method income/loss for 208. Note: Enter debits before credits. Journal entry worksheet Record the amortization of the differential value for 208. Note: Enter debits before credits. What is the balance of the Investment in Scope account on Pistol's balance sheet at December 31,208, after all required equity-method entries have been recorded