On January $4,20$Y$4,$ Ferguson Company purchased $164,000$ shares of Silva Company$$s common stock directly from one of the founders for a price of $$33$ per share. Silva has $410,000$ shares outstanding, including the Daniels shares. On July $2,20$Y$4,$ Silva paid $$630,000$ in total dividends to its shareholders. On December $31,20$Y$4,$ Silva reported a net income of $$1,101,000$ for the year. Ferguson uses the equity method in accounting for its investment in Silva.

Required:

a$.$ Journalize the Ferguson Company entries for the transactions involving its investment in Silva Company during $20$Y$4.$ Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. Round your intermediate calculations to two decimal places. When required, round final answers to the nearest dollar.

b$.$ Determine the December $31,20$Y$4,$ balance of the investment in Silva Company stock account.