On December 12, 2021, an equity Investment costing $85,000 was sold for $110,000. The Investment was carried in the balance sheet at $80,000, and was accounted for under the equity method. An error was made in which the total of the sale proceeds was credited to the Investment account Required: 1. & 2. Prepare the following journal entries (Ignore Income taxes). (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.) View transaction lat 1 Record the journal entry to correct the error assuming it is discovered before the books are adjusted or closed in before 2021. 2 Record the journal entry to correct the error assuming it is not discovered until early 2022, Note: = journal entry has been entered Record entry Credit Clear entry View general journal >