On January 3, 2021, Whispering Winds Inc. obtained significant influence over the operations of Ing Ltd. by buying 30% of Ing's 39,000 outstanding common shares, at a cost of $9.90 per share. The following events took place in 2021. June 15 Ing declared and paid a cash dividend of $40,950. December 31 Ing reported net income of $74,100 for the year. The fair value of the Ing shares at December 31, 2021 was $11.40 per share. Prepare the journal entries for Whispering Winds Inc. for the fiscal year ended December 31, 2021. (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 O for the amounts.) - Assume now that the investment in Ing's shares does not allow Whispering Winds Inc. to exercise significant influence over Ing; however, Whispering Winds does intend to hold it as a long-term strategic investment. Prepare the journal entries for Whispering Winds Inc. for the fiscal year ended December 31, 2021 assuming Whispering Winds 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 manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Attempts: 0 of 1 used Submit