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Roller Corporation purchased 100 percent ownership of SteamCompany on January 1, 20X5, for $288,000. On that date, the bookvalue of Steam’s reported net assets was $211,000. The excess overbook value paid is attributable to depreciable assets with aremaining useful life of 10 years. Net income and dividend paymentsof Steam in the following periods were  YearNet IncomeDividends  20X5$25,000$6,000  20X645,00016,000  20X725,00037,000Required:a.Prepare journal entries on Roller Corporation’s books relatingto its investment in Steam Company for each of the three years,assuming it accounts for the investment using the cost method. (Ifno entry is required for a transaction/event, select "No journalentry required" in the first account field.)b.Prepare journal entries on Roller Corporation’s books relatingto its investment in Steam Company for each of the three years,assuming it accounts for the investment using the equity-method.(If no entry is required for a transaction/event, select "Nojournal entry required" in the first account field.)*Record the purchase of Steam Company stock for 20X5.*Record the dividend from Steam Company for 20X5.*Record the equity-method income for 20X5.*Record the amortization of differential value for 20X5.*Record the dividend from Steam Company for 20X6.*Record the equity-method income for 20X6.*Record the amortization of the differential value for 20X6.*Record the dividend from Steam Company for 20X7.*Record the equity-method income for 20X7.*Record the amortization of the differential value for 20X7.