Current Attempt in Progress Kingbird plc invested 940,000 in Oriole Co. for 25% of its outstanding shares. Oriole Co. pays out 40% of net income in dividends each year. Use the information in the following T-account for the investment in Oriole to answer the following questions. Investment in Oriole Co. 940,000 105,000 42,000 (a) How much was Kingbird ple's share of Oriole Co's net income for the year? Net income E (b) How much was Kingbird ple's share of Oriole Cos dividends for the year? Dividends E (c) What was Oriole Cos total net income for the year? Total net income (d) What was oriole Co s total dividends for the year? Total Dividends Sandhill Group acquired 20% of the outstanding ordinary shares of Cho Ltd. on December 31, 2022. The purchase price was 103,180,000 for 46,900 shares. Cho declared and paid an 80 per share cash dividend on June 30 and on December 31, 2023. Cho reported net income of 471,400,000 for 2023. The fair value of Cho's shares was 82,400 per share at December 31, 2023. (a) Prepare the journal entries for Sandhill for 2022 and 2023, assuming that Sandhill cannot exercise significant influence over Cho. The investments should be classified as trading. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit (To record dividend.) (To record fair value.)