Reden Corporation purchased 35 percent of Montgomery Companys common stock on January 1, 20X9, at underlying book value of $226,100. Montgomerys balance sheet contained the following stockholders equity balances:

Preferred Stock ($5 par value, 48,000 shares issued and outstanding)	$	240,000
Common Stock ($1 par value, 136,000 shares issued and outstanding)		136,000
Additional Paid-In Capital		185,000
Retained Earnings		325,000
Total Stockholders Equity	$	886,000

Montgomerys preferred stock is cumulative and pays a 5 percent annual dividend. Montgomery reported net income of $100,000 for 20X9 and paid total dividends of $43,000. Required: Give the journal entries recorded by Reden Corporation for 20X9 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.)