Porter Company purchased 60 percent ownership of Temple Corporation on January 1, 20X1, at underlying book value. At that date, the fair value of the noncontrolling interest was equal to 40 percent of Temple's book value. On January 1, 20X1 Porter sold $80,000 par value, 8 percent, five-year bonds directly to Temple when the market interest rate was 7 percent. The bonds pay interest annually on December 31. Porter uses the fully adjusted equity method in accounting for its ownership of Temple. On December 31, 20X2, the trial balances of the two companies are as follows: Buildings &Equipment hvestment in Temple Corporation Stock Investment in Porter Company Bonds f Goods Sol Depreciation Expente Interest Expense 175,000 75.000 Accumulated Deprociation Aceounts Payable Bonds Payable Bond Preium Common Stock Retained tamings noome from Temple Corp 8 973,842 $973,842 585.820 585.820 a Prepare the journal entry or entries for 20X2 on Porter's books related to its investment in Temple. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.) Journal entry worksheet Record the dividends from Temple