Fredo, Inc. purchased 10% of Sonny Enterprises for $1,000,000 on January 1, 2015. Sonny recognized a total of $410,000 net income during 2016, paid $31,000 of divides to Fredo during 2016, and at December 31, 2016, the market value of the Sonny investment increased to $1, 041,000. (If no entry is required for a transaction/event, select "No journal entry required" in the first account filed.) Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo accounts for that investment as an available-for-sale investment. Prepare the journal entries necessary to account for the Sonny investment, assuming that Fredo accounts for that investment as an available-for-sale investment