On January 1, 2021, Bonita Ltd., a private company reporting under ASPE, purchased 25% of the common shares of Sarasota Corporation for $158,000. Sarasota reported profit of $77,000 for 2021 and paid dividends of $10,800 on December 31, 2021. Bonita's year end is December 31 Assuming that there is not a quoted market price for Sarasota's shares, and that Bonita elects to report investments with significant influence using the cost method, prepare the required journal 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 for the amounts.) Account Titles and Explanation Debit Credit Date investment in associate.)