On January 1, 2023, Bactin Corporation acquired 15% of Oakton Company for $104,000. On that date, the total book value and fair value of Oakton's identifiable net assets was $904,000. Any difference between cost and fair value is attributable to goodwill. In 2023, Oakton reported net income of $64,000 and paid dividends of $34,000. On January 1, 2024, Bactin Corporation bought another 15% of Oakton for $104,000, and on that date, the book value and fair value of Oakton's net assets still was $904,000 (the fair value of Oakton did not change during 2023). Bactin concluded that its 30% ownership now allowed it to significantly influence Oaktons operations. In 2024, Oakton reported net income of $84,000 and paid dividends of $44,000. Required: Prepare all journal entries for Bactin for 2023 and 2024, assuming no change in fair value of the Oakton stock during that time period. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

1	01/01/2023	Investment in equity securitiesselected answer correct	104,000selected answer correct	not attempted
		Cashselected answer correct	not attempted	104,000selected answer correct
2	12/31/2023	Cashselected answer correct	5,100selected answer correct	not attempted
		Dividend revenueselected answer correct	not attempted	5,100selected answer correct
3	01/01/2024	Investment in equity securitiesselected answer correct	104,000selected answer correct	not attempted
		Cashselected answer correct	not attempted	104,000selected answer correct
4	01/01/2024	Investment in equity affiliateselected answer correct	5,100selected answer incorrect	not attempted
		Investment in equity securitiesselected answer correct	not attempted	9,600selected answer incorrect
5	12/31/2024	Cashselected answer correct	13,200selected answer correct	not attempted
		Investment in equity affiliateselected answer correct	not attempted	13,200selected answer correct
6	12/31/2024	Investment in equity affiliateselected answer correct	25,200selected answer correct	not attempted
		Investment revenueselected answer correct	not attempted	25,200

please answer with calculations so i can learn how to do it. as you can see i only need the transaction #4