On January $1,2022,$ Halstead, Incorporated, purchased $71,000$ shares of Sedgwick

Company common stock for $$1,524,000,$ giving Halstead $25$ percent ownership and the

ability to apply significant influence over Sedgwick. Any excess of cost over book value

acquired was attributed solely to goodwill.

Sedgwick reports net income and dividends as follows. These amounts are assumed to

have occurred evenly throughout these years. Dividends are declared and paid in the

same period.

On July $1,2024,$ Halstead sells $11,360$ shares of this investment for $$29$ per share, thus

reducing its interest from $25$ to $21$ percent, but maintaining its significant influence.

Required:

Determine the amounts that would appear on Halstead's $2024$ income statement

relating to its ownership and partial sale of its investment in Sedgwick's common stock.

Answer is complete but not entirely correct.