Please explain the steps or formula on how to get the numbers in the journal entry. The solution is in the second picture. thanks

Financial accounting 2 question

Thvestment m Nelson Corporation Cash 820 060 850 0 00 Cash Investment in Nelson Corporation 15 000 31 Investment in Nelson Corporation Earnings From equity subsidiary 35 0 00 55000 017 34 Loss from equity Subsidiary Investment in Nelson Corporation 2.50 Doo 18. Investment in Nelson Corporation 10 Doo Earnings from equity Subsidiary 100OO Cash 590 000 Loss on sale of equity Subsidiary 30boo Investment in Nelson Corporattoh 620 0 0DPrior to 2016, The Givengreet Company's investments were limited to short-term government securities . On January 2, 2016 , Givengreet bought a 25% interest in the Nelson Corporation for $82.0, 000 . On October 1 , Nelson paid a total dividend of $60, 000, to all of its shareholders . At December 31 , 2016, the current market value of Givengreet's investment in Nelson was $860, 000 . Nelson's net income for 2016 was $220, 000. dontire During 2017, Nelson had significant business reversals , and it's net loss for the year was $2, 80 0, 0 0 0. $1, 000, 000 . The total market value of all of Nelson's stock at December 31 , 2017 was donice On March 1 , 2018 , when Nelson's net income for the first two months of the year was $40, 000 , Givengreet sold its investment in Nelson for $590 , 000 . Provide all the journal entries relating to Givengreet's investment in Nelson during the years 2016 - 2018