13 Fredo, Inc, purchased 10% of Sonny Enterprises for $1,000,000 on January 1, 2021 Sonny recognized a total of $420,000 net income during 2021, pald $32,000 of dividends to Fredo during 2021, and at December 31, 2021, the market value of the Sonny Investment Increased to $1,042,000 Required: Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo (1) does not have significant influence or (2) does have significant influence over the operating and financial policies of the investee. 05:13 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo lacks significant influence. (If no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction lit Journal entry worksheet 1 2 3 4 Record the entry for investment in Sonny Enterprises Nontur debitatore credits Tonation Canal Jual