Heidebrecht Design acquired 30% of the outstanding common stock of Quayle Company on January 1 2014 by paying $938000 for the 46900 shares.Quayle declared and paid $0.20 per share cash dividends on March 15, June 15, September 15 and December 15 2014. Quayle reported net income of $375800 for the year. At December 31 2014 the market price of Quayle common stock was $27 per share. Prepare the journal entries for Heidebrecht Design for 2014 assuming Heidebrecht Design cannot exercise significant influence over Quayle. Use the cost method and assume that Quayle common stock should be classified as a trading security.