Dec 31 unrealized holding loss on investment 8000 8000 QUESTION 2 Fredo, Inc., purchased 10% of Sonny Enterprises for $1,000,000 2018. Sonny recognized a 2018, and at December 31, 2018, the market value of the Sonny investment increased to $1,040,000 on January 1, 2018. Sonny recognized a total of $400,00 net income during 2018, paid $30.000 of dinvidends to Fredo durning Required Prepare the oraitnes necessary to account for the Sony investment, assumng that Fredo (1) lacks significant itance or (2) has QUESTION 3 Words 15 points Seored F3 8