On January $1,2022,$ Halstead, Incorporated, purchased $72,000$ shares of Sedgwick Company common stock for $$1,520,000,$ 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 $11,520$ 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.

Total income accrual $($no unearned gains$)$

on sale of shares