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Pidris Company acquired 90% of Sunny Inc. on January 31, 2020 in exchange for cash. The book value of Sunny's individual assets and liabilities approximated their acquisition-date fair values. On the date of acquisition, Sunny reported the following: Cash $ 350,000 Current Liabilities $ 70,000 Inventory 100,000 Plant Assets (net) 320,000 Common Stock 100,000 Property 500,000 Retained Earnings 1,100,000 Total Asses $1,270,000 Total Liabilities & Equity S 1.270,000 During the year Sunny Inc. reported $400,000 in net income and declared $200,000 in dividends. Pidris Company reported $520,000 in net income and declared $250,000 in dividends. Pidris accounts for their investment using the equity method. 1. What journal entry will Pidris make on the date of acquisition to record the investment in Sunny Inc