2. Sheffield Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsaker's 99,000 outstanding shares of common stock at a cost of $18 per share on January 1, 2022. On May 15, Hunsaker declared and paid a cash dividend of $150,000. On December 31, Hunsaker reported net income of $250,000 for the year. Prepare all necessary journal entries for 2022 for Sheffield. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit e Textbook and Media