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istol Corporation purchased 100 percent ownership of Scope Products on January 1,20X6, for $61,000, at which time Scope roducts reported retained earning of $14,000 and capital stock outstanding of $27,000. The differential was attributable to patents vith a life of eight years. Income and dividends of Scope Products were: Required: 2. What is the balance of the investment in Scope account on Pistol's balance sheet at December 31, 20X8, after all required equitymethod entries have been recorded? Complete this question by entering your answers in the tabs below. What is the balance of the Investment in Scope account on Pistol's balance sheet at December 31, 20x8, after all required equity-method entries have been recorded? Journal entry worksheet Record the purchase of Scope Company on January 1, 206. Note: Enter debits before credits. Journal entry worksheet Record the dividend from Scope Company for 206. Note: Enter debits before credits. Journal entry worksheet 1 5 6 Record the equity-method income/loss for 206. Note: Enter debits before credits. Journal entry worksheet 1 7 Record the amortization of the differential value for 206. Note: Enter debits before credits. Journal entry worksheet Record the dividend from Scope Company for 207. Note: Enter debits before credits. Journal entry worksheet Record the equity-method income/loss for 207. Note: Enter debits before credits. Journal entry worksheet 1 Record the amortization of the differential value for 207. Note: Enter debits before credits. Journal entry worksheet 1 5 Record the dividend from Scope Company for 208. Note: Enter debits before credits. Journal entry worksheet 1 6 Record the equity-method income/loss for 208. Note: Enter debits before credits. Journal entry worksheet 12 5 6 7 Record the amortization of the differential value for 208. Note: Enter debits before credits

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