Jan. 1 June 30 v Dec. 31 Dec. 31 (To record dividends) (To record 27% equity) Sandhill Company acquired 27% of the outstanding common stock of Grinwold Inc. on January 1, 2022, by paying $1,611,900 for 59,700 shares. Grinwold declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2022. Grinwold reported net income of $860,000 for the year