Question 2 (30 points) On January 1, 2021, Parasite Company acquired 100 percent of the common stock of Worm Corporation, by issuing 15,000 shares of its $10 par value common stock. The market value of Parasite's shares at the date of issue was $40. Worm reported net assets with a book value of $520,000 on that date. The amount paid in excess of book value of Worm's net assets was attributed to the increased value of Worm's equipment with a remaining useful life of 5 years. Worm reported net income of $60,000, paid dividends of $20,000 in 2021, Required Assuming the Parasite Company uses the equity method in accounting for its investment in Worm, prepare all journal entries recorded by Parasite for 2021