Hi, please let me know how should I solve these questions...please give me some solutions too!

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Question 4 of 5 - / 15 View Policies Current Attempt in Progress On January 3, 2021, Bridgeport Inc. obtained significant influence over the operations of Ing Ltd. by buying 30% of Ing's 43,000 outstanding common shares, at a cost of $10.30 per share. The following events took place in 2021. June 15 December 31 Ing declared and paid a cash dividend of $53,750. Ing reported net income of $68,800 for the year. The fair value of the Ing shares at December 31, 2021 was $11.80 per share. Prepare the journal entries for Bridgeport Inc. for the fiscal year ended December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Question 4 of 5 - /15 E Assume now that the investment in Ing's shares does not allow Bridgeport Inc. to exercise significant influence over ing: however, Bridgeport does intend to hold it as a long-term strategic investment. Prepare the journal entries for Bridgeport Inc. for the fiscal year ended December 31, 2021 assuming Bridgeport management has designated the investment in Ing Ltd. as fair value through other comprehensive income. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Credit Debit Account Titles and Explanation >> > e Textbook and Media