Include working note please

Oak Corporation purchased 222,000 of the 1,110,000 common shares of Abacus Ltd. on October 1, 2018, at $2.40 per share. Near the end of the fourth quarter ended December 31, Abacus declared dividends on its common shares of $81,000 but payment will not be made until 2019. Abacus also announced that it had net income for the quarter ended December 31, 2018, of $194,000. Record the journal entries that Oak would make during the last quarter ended December 31, 2018, under the following assumptions: Your answer is correct. Your answer is partially correct. Try again. Oak does not have significant influence over Abacus and uses the cost model to account for this investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accoun titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 1 Held for Trading Investments 532800 Cash 532800 Dec. 29 v Dividends Receivable 16200 Dividend Revenue 16200 Dec. 31 Investment in Associates 38800 Income from Associates 38800