22. Freda Inc., purchased 10% of Sonny Enterprises for $1,000,000 on January 1, 2021, Sonny secognized a total of $460,000 net income during 2021, paid $36,000 of dividends to Fredo during 2025 , and at December 31,2021 , the market value of the Sonny investment increased to $1,046,000. Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo (1) Required: does not have significant influence or (2) does have significant influence over the operating and financial policies of the investee. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)