Journalize the entries to record the following selected equity investment transactions completed by Perry Company during the current year. Perry accounts for this investment using the cost method. 
Definitions:
Inflation Rate
The escalation in the average price level of goods and services within an economy over a given period.
Base Year
A specific year against which economic growth is measured, serving as a standard point of reference for real value comparisons.
GDP Deflator
A measure of the price level calculated as the ratio of nominal GDP to real GDP times 100
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, typically used as an indicator of inflation.
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