Pistol Corporation purchased 100 percent ownership of Scope Products on January 1, 20X6, for $66,000, at which time Scope Products reported retained earnings of $15,000 and capital stock outstanding of $28,000. The differential was attributable to patents with a life of eight years. Income and dividends of Scope Products were: Year 20X6 Net Income 20X7 20x8 $ 17,000 25,000 33,000 Dividends $ 10,000 12,000 12,000 Required: 1. Prepare the equity-method entries that Pistol should record to account for this investment in 20X6, 20X7, and 20x8 2. What is the balance of the Investment in Scope account on Pistol's balance sheet at December 31, 20X8, after all required equity- method entries have been recorded? Complete this question by entering your answers in the tabs below. Required A Required B Prepare the equity-method entries that Pistol should record to account for this investment in 20X6, 20X7, and 20X8. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 10 Record the purchase of Scope Company on January 1, 20X6 Note: Enter debits before credits. Event (1a) General Journal Debit Credit