9 On January 1, 2016, Halstead, Inc., purchased 69,000 shares of Sedgwick Company common stock for $1,456,000, 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 10 points 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. Net Income 5392,000 443,000 605,000 Annual Cash Dividends (paid quarterly) $132,000e 144,900 154,00 eBook 2016 2017 2018 Print On July 1, 2018, Halstead sells 10,500 shares of this investment for $25 per share, thus reducing its interest from 25 to 21 percent, but maintaining its significant influence. References Determine the amounts that would appear on Halstead's 2018 income statement relating to its ownership and partial sale of its investment in Sedgwick's common stock. As total income accrual (no unearned gains) As on sale of shares