On January 3, 2021, Bramble Inc. obtained significant influence over the operations of ing Ltd. by buying 35% of ing's 42.000 outstanding common shares, at a cost of $10.20 per share. The following events took place in 2021. June 15 Ing declared and paid a cash dividend of $50,400, December 31 Ing reported net income of $70,100 for the year. The fair value of the ing shares at December 31, 2021 was $11.70 per share. Prepare the journal entries for Bramble Inc. for the fiscal year ended December 31, 2021. (Credit accounties are automatic Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accounts and entero for the amounts.) Date Account Titles and Explanation Debit Credit Assume now that the investment in Ing's shares does not allow Bramble Inc. to exercise significant influence over log: however, Bramble does intend to hold it as a long-term strategic investment. Prepare the journal entries for Bramble Inc. for the focal year ended December 31, 2021 assuming Bramble management has designated the investment in ing Ltd as fair value through other comprehensive income. (Credit account titles are automatically Indented when the amount is entered. Do not Indent mort no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit