Reden Corporation purchased 30 percent of Montgomery Company's common stock on January 1, 20X9, at underlying book value of $198,900. Montgomery's balance sheet contained the following stockholders' equity balances: Preferred Stock ($4 par value,44,000 shares issued and outstanding) Common Stock ($1 par value, 150,000 shares issued and outstanding) Additional Paid-In Capital Retained Earnings Total Stockholdera' Bquity $176,000 150,000 186,000 327,000 $839,000 Montgomery's preferred stock is cumulative and pays a 10 percent annual dividend. Montgomery reported net income of $95,000 for 20X9 and paid total dividends of $49,000. Required: Give the journal entries recorded by Reden Corporation for 2ox9 related to its investment in Montgomery Company common stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)