Pizza Corporation purchased $100$ percent of the common stock of Slice Corporation on January $1,20$X$2,$ by issuing $51,000$ shares of its $$5$ par value common stock. The market price of Pizza$$s shares at the date of issue was $$26.$ Slice reported net assets with a book value of $$1,200,000$ on that date. The amount paid in excess of the book value of Slice$$s net assets was attributed to the increased value of patents held by Slice with a remaining useful life of $9$ years. Slice reported net income of $$70,000,$ paid dividends of $$21,000$ in $20$X$2,$ reported a net loss of $$58,000,$ and paid dividends of $$11,000$ in $20$X$3.$

Required:

Assuming that Pizza Corporation uses the equity method in accounting for its investment in Slice Corporation, prepare all journal entries for Pizza for $20$X$2$ and $20$X$3$

$1.$ Record the purchase of Slice Corporation.

$2.$ Record the dividend from Slice Corporation for $20$X$2.$

$3.$ Record the equity$-$method income or loss for $20$X$2$

$4.$ Record the amortization of the differential value for $20$X$2.$

$5.$ Record the dividend from Slice Corporation for $20$X$3.$

$6.$ Record the equity$-$method income or loss for $20$X$3.$

$7.$ Record the amortization of the differential value for $20$X$3.$