Youdriveout is a chain of used car dealers. alicia, the chief financial officer, and john, the controller, are looking at their sales and loan data to brainstorming on how to improve their financial performance. john would like to see some analysis of the profit. for example, how much profit generated by each dealer? which type of car contributed to the most profit? and what other factors also affect the profit? since most of the customers applied for a loan when purchasing the car, alicia also wants to know whether switching the minimum credit score cutoff from 430 to 450 will increase loan currency, which is the proportion of payments that their customers make on loans. so she wants to compare the loan currency rates of the customers whose credit scores are less than 430, between 430 and 450, and higher than 450. she also wants to know whether this change will have any impact on profit.

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)