ts 201840-ACC X ssignment-Chapter 1 Problem 1-21 (LO 1-1, 1-2,1-3, 1-4, 1-5a) On January 1, 2016, Halstead, Inc., purchased 82,000 shares of Sedgwick Company common stock for $1,416,000, giving Halstead 25 percent ownership and the ability to apply significant influence over Sedgwick. Any excess of cost over book value acquired was attributed solely to goodwill. Sedgwick reports net income and dividends as follows. These amounts are assumed to have occurred evenly throughout these years Dividends are declared and paid in the same period. Annual Cash Dividends (paid 2016 2017 2018 $378,000 541,000 595,800 $123,000 146,000 159,000 On July 1.2018, Halstead sells 11,500 share maintaining its significant influence s of this investment for $25 per share, thus reducing is interest from 25 to 21 percent, but Determine the amounts that would appear on Halstead's 2018come statement relating to its ownership and partal sale of its investment in Sedgwick's common stock. ino u As