(c) Prepare the journal entries for the sale of the shares and the transfer of OCl to retained earnings on January 1 , Year 6 . (If no entry is equired for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the sale of the shares on January 1, Year 6. Note: Enter debits before credits. Darlene Inc. purchased 20,800 common shares (20\%) of Carlyle Ltd. on January 1, Year 4 , for $270,400. It did not have significant nfluence over Carlyle. It elected to classify the investment as fair value through OCI. On September 30, Year 5, Darlene obtained significant influence when there was a restructuring of the Board of Directors. Accordingly, Darlene adopted the equity method on a prospective basis. Additional information on Carlyle for the two years ending December 31, Year 5, is as follows: Dn January 1, Year 6, Darlene sold its investment in Carlyle for $312,000. Required: a) Calculate the balance in the investment account at the end of each period. (Omit \$ sign in your response.) b) Calculate the profit and OCl to be reported each period. (Omit $ sign in your response.) Journal entry worksheet Record the transfer of OCI to retained earnings on January 1, Year 6. Note: Enter debits before credits