Heidebrecht Design acquired 22% of the outstanding common stock of Sandhill Company on January 1, 2022, by paying $890,000 for the 44,500 shares. Sandhill declared and paid $0.20 per share cash dividends on March 15 , June 15, September 15 , and December 15 , 2022. Sandhill reported net income of $379,000 for the year. At December 31,2022 , the market price of Sandhill common stock was $26 per share. Prepare the journal entries for Heidebrecht Design for 2022 assuming Heidebrecht Design cannot exercise significant influence over Sandhill. (Use the cost method.) (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles 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 0 for the amounts.) Prepare the journal entries for Heidebrecht Design for 2022, assuming Heidebrecht Design can exercise significant influence over Sandhill. (Use the equity method.) (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles 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 0 for the amounts.) Indicate the balance sheet and income statement account balances at December 31,2022 , under each method of accounting