On July 1, 2021, Bird Inc., a private enterprise, acquired 1,250 shares of Duck Ltd. for $75,000. This investment represents a 14% interest in Duck Ltd. and Bird Inc. uses the cost method to record the investment.

On October 31, 2021, Duck Ltd. paid a $50,000 dividend to its shareholders. At December 31, 2021, Duck Ltd.'s shares were valued at $40 per share and Duck Ltd. reported a net loss of $50,000 for the year.

On March 15, 2021, Bird Inc. sold the shares for $125,000. Both Bird Inc. and Duck Ltd. have December 31, 2021 year-ends.

Required: Prepare dated journal entries for the investment on the acquiring company's books from acquisition to disposal.

Ignore income taxes. Journal entry descriptions are optional.