Idle Corporation has been acquiring shares of Fast Track Enterprises
Idle Corporation has been acquiring shares of Fast Track Enterprises at book value for the last several years. Fast Track provided data including the following:


Fast Track declares and pays its annual dividend on November 15 each year. Its net book value on January 1, 20X2, was $250,000. Idle purchased shares of Fast Track on three occasions:


Required
Give the journal entries to be recorded on Idle’s books in 20X5 related to its investment in FastTrack.
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