On January 1,2023 , Nash Corporation purchased 20% of the outstanding voting shares in WLT Corporation for $1,240,000. At the time of purchase, WLT's net assets were undervalued by $91,200 and had a remaining useful life of 12 years. Both companies had a December 31 year-end. At the end of 2023, WLT reported a net income of $317,000. Also, on December 31, 2023, the fair value of the investment in WLT shares was $1,364,000. On January 10, 2024, WLT paid a cash dividend. Nash's ownership entitles it to $24,400 of the dividend. Prepare the journal entries on the books of Nash Corporation to record the transactions described above, assuming that the 20% interest in WLT does represent significant influence. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record joumol entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) (To record investment income) (To record amortization of fair value difference) Date Account Titles and Explanation (To record investment income) (To record amortization of fair value difference)