Hi there, I need help with this question asap please. Also please make sure answers are labeled clearly and the answers are correct thanks

On August 1, 2020, Coronado Corporation purchased 20\% of the outstanding voting shares in WLT Corporation for $1,290.000. At the time of purchase. WLT's net assets were undervalued by $72,200 and had a remaining useful life of 12 years, Both companies had a December 31 year-end. At the end of 2020, WLT reported a net income of $350,000. Also, on December 31, 2020, the fair value of the investment in WLT shares was $1,414,000. On January 10, 2021, WLT paid a cash dividend. Coronado's ownership entitles it to $23,400 of the dividend. Prepare the journal entries on the books of Coronado Corporation to record the transactions described above, assuming that the 20% interest in WLT does not represent significant influence, and that Coronado elected to account for its investment following the fair value through net income (FV-NI) model. (Credit account tities are automatically indented when the amount is entered. Do not indent menually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) On August 1.2020, Coronado Corporation purchased 20 , of the outstanding votins shares in WtT Corporation for $1,290,000. At the time of purchase, WLT s net assets were undervalued by $72,200 and had a remaining useful life of 12 years, Both companies had a December 31 vear-end. At the end of 2020 . WLT reported a net income of $350,000. Also, on December 31,2020, the fair value of the imvestment in WLT shares was $1,414,000, On January 10. 2021. WLT paid a cash dividend Coronado's ownership entitles it to $23,400 of the dividend, Prepare thejournal entries on the books of Coronado Corporation to record the transactions described above, assuming that the 200 interest in WLT does not represent significant influence, and that Coronado elected to account for its investment following the tair value through net income (FV=ND) model. (Credit account titles are automotically indented when the amount is entered. Do not indent. manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts