Trim Corporation acquired 100 percent of Round Corporation's voting common stock on January 1, 20X2, for $413,000. At that date, the book values and fair values of Round's assets and liabilities were equal. Round reported the following summarized balance sheet data: Assets Total $717,000 Accounts Payable Bonds Payable $ 95,000 209,000 Common Stock Retained Earnings 121,000 292,000 $717,000 Total $717,000 Round reported net income of $82,000 for 20X2 and paid dividends of $20,000. Required: a. Give the journal entries recorded by Trim Corporation during 20X2 on its books if Trim accounts for its investment in Round using the equity method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)