XX Corporation paid $ 1500 cash for a 30% interest in YYY Corporation's shares on 1/1/2020. The book values and fair values of YYY assets and liabilities on 1/1/2020, are as follows:

	Book value	Fair value
Cash	400	400
Accounts Receivable - net	1700	1700
Inventories (all sold in 2020)	1000	900
Other current assets (all used in 2020)	400	300
Land	1000	1500
Buildings net (10 years remaining useful life)	1500	1800
Equipment net (6 years remaining useful life)	1200	600
Patent (5 years remaining useful life)	0	1000
TOTAL ASSETS	7200	8200
Accounts payable	1000	1000
Other current liabilities	200	200
Bonds payable (due on 1/1/2025)	2000	1800
Capital stock	3000
Retained earnings	1000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	7200

In 2020, YYY had the following:

- Net loss $ 1000

- Dividends paid in cash on 1/9/2020 $ 500.

Required

1- Calculate the total goodwill of YYY on 1/1/2020

2- Provide the necessary journal entries in the books of XXX on each of 1/1/2020, 1/9/2020, and 31/12/2020.