On January 3, 2019, Martin Company purchased for $500,000 cash a 10% interest in Renner Corp. The fair value of Martin's investment in Renner securities is as follows: December 31, 2019, $560,000, and December 31, 2020, $515,000. On January 2, 2021, Martin purchased an additional 30% of Renner's stock for $1,545,000 cash. During 2019, 2020, and 2021, the following occurred.   Renner Net Income Dividends Paid by Renner to Martin 2019 $350,000 $15,000 2020   450,000   20,000 2021   550,000   70,000 Instructions On the books of Martin Company, prepare all journal entries in 2019, 2020, and 2021 that relate to its investment in Renner Corp., reflecting the data above and a change from the fair value method to the equity method.

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.