On August 1, 2021, Sweetwater Ltd. purchased 1,100 Datawave Inc. common shares for $44,900 cash with the intention of trading the shares and using the fair value through profit or loss model. Datawave declared a dividend of $1 per common share, which Sweetwater received on December 28, 2021. On December 31, 2021, Sweetwaters year end, the shares fair value was $50,200.

(c) Prepare the journal entry to record any adjusting journal entry required at December 31. (List all debit entries before credit entries. 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 account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31