Help Problem 1-21 (LO 1-1, 1-2,1-3,1-4,1-5a) On January 1, 2016, Halstead, Inc, purchased 76,000 shares of Sedgwick Company common stock for $1,527000, giving Halstead 25 percent ownership and the ability to apply significant influence over Sedgwick. Any excess of cost over book value acq attributed solely to goodwill uired was Sedgwick reports net Income and dividends as fllows. These amounts are assumed to have occurred evenly throug Dividends are declared and paid in the same period. nd dividends as follows. These amounts are assumed to have occurred evenly throughout these years. Annual Cash Divi dends (paid arterly) 2016 $417,000 2017 571,000 2018 613,000 $104,000 141,000 156,000 On July 1,2018, Halstead sells 13,000 shares of this investment for $29 per share, thus reducing its interest from 25 to 21 percent, but maintaining its significant influence. Determine the amounts that would appear on Halsteads 2018 income statement relating to its ownership and partial sale of its investment in Sedgwick's common stock As total income accrual (no unearned gains) As on sale of shares