On January 1, 2016 Clinton Company purchased 100 of the 1000 shares of Sanders Company for $4000. At this time the book value of Sanders Company was $40,000. In 2016 Sanders Company reported income of $3,000 and paid no dividends. On 12/31/2016 Sanders' Company stock was selling for $44 per share. At this time Clinton does not have influence over Sanders. - On January 2, 2017 Clinton purchased another 150 shares of Sanders Company for $6750. With this purchase, Clinton now sits on the board of Sanders Company. During 2017, Sanders reported income of $5000 and paid a $3000 in dividends. On 12/31/2017 Sanders' stock was selling for $46 per share. -In 2018 Sanders Company reported a loss of $1000 and paid a $2000 dividend. On 12/31/2018 Sanders' stock was selling for $38 per share. - On January 10th 2019 Clinton Company sold 200 of its shares in Sanders' Company at $41 per share. After this sale, Clinton was removed from the board of Sanders Company and Clinton no longer has influence over Sanders Company. In 2019 Sanders reported income of $6000 and paid $1000 in dividends. On 12/31/2019 the market price of Sanders stock was $39. - On January 14th 2020 Clinton sold its remain Sanders stock at $40 per share. REQUIRED: MAKE ALL THE NECESSARY JOURNAL ENTRIES FOR CLINTON WITH RESPECT TO ITS INVESTMENT IN SANDERS FROM 2016 TO 2020.DON'T FORGET THE ORIGINAL PURCHASE OF SANDERS STOCK ON 1/1/2016