Question: I need help with last pic only R Current Attempt in Progress Benton Corporation acquired 25% of the common shares of Sharp Inc. on January

 I need help with last pic only R Current Attempt in

Progress Benton Corporation acquired 25% of the common shares of Sharp Inc.

on January 1, 2022, by paying $1,938,000 for 68,400 shares. Both companies

are publicly-traded companies. Sharp declared and paid a $0.50 per share cash

I need help with last pic only

R Current Attempt in Progress Benton Corporation acquired 25% of the common shares of Sharp Inc. on January 1, 2022, by paying $1,938,000 for 68,400 shares. Both companies are publicly-traded companies. Sharp declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2022. Sharp reported net income of $912,000 for the year. At December 31, the fair value of the Sharp shares was $29 per share. Bil (a) Your answer is correct. Ge Prepare the journal entries for Benton Corporation for 2022 assuming Benton cannot exercise significant influence over Sharp and decides to hold the shares as a trading investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Gd Sc TER Q Ac Prepare the journal entries for Benton Corporation for 2022 assuming Benton cannot exercise significant influence over Sharp and decides to hold the shares as a trading investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Q ACH Debit Credit Date Account Titles and Explanation Vi 1,938,000 Jan. 1 Trading Investments 31 Ac 1.938,0 Cash 34,200 June 30 Cash 34,2 Dividend Income 34 200 Dec. 31 Cash 34,2 Dividend Income (To record dividends.) 15,600 Dec 31 Trading Investments entries. To try sequcu, Debit Credit Date Account Titles and Explanation Viewing Qu 31 Accounting Mul 1,938,000 Jan. 1 1.938,0 Cash Cash 34,200 June 30 34.2 34 200 Dec 31 Cash 34,2 To record dividends.) Dec 31 The board of directors of Benton Corporation is confused about the differences between the financial statement presentation of the fair value through profit or loss model and equity method. Show in tabular form the account balances under each method at December 31, 2022. Fair Value through Profit and Loss Model Equity Model $ $ $ Investment-Sharp, Dec 31/22 Dividend income Income from associates Unrealized gain on Trading Investments Attempts: 0 of 3 used Submit Answer Sve for Later Using multiple attempts will impact your score

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