Eliminating Entries After First and Second Years

$$100,000$ during $2023.$ Safeco's date of acquisition inventory was sold during $202$

a$.$ Prepare the journal entries recorded by Peerless in $2023$ to record the acquisition and apply the complete equity method.

Enter numerical answers using all zeros $($do not abbreviate in thousands or in millions$).$

To record dividends recelved.

Enter numerical answers using all zeros $($do not abbreviate in thousands or in millions$).$

b$.$ Safeco reported net income of $$1,600,000$ and declared and paid dividends of $$800,000$ in $2024.$ There was no further goodwill impairment. Prepare the journal entries recorded by Peerless in $2024$ to apply the complete equity method.

Enter numerical answers using all zeros $($do not abbreviate in thousands or in millions$).$

To record dividends received.

Enter numerical answers using all zeros $($do not abbreviate in thousands or in millions$).$

Depreciation exp