On June 1, 2020, Smith Inc. acquired 1,500 shares of Weston Ltd. for $100,000. This investment represents a 12% interest in Weston Ltd., and Smith Inc. has significant influence. On December 31, 2020, Weston Ltd. paid a $50,000 dividend to its shareholders. On June 30, 2021, Weston Ltd.'s shares were valued at $40 per share, and Weston Ltd. reported a net income of $50,000 for the year. On August 15, 2021, Smith Inc. sold the shares for $50,000. Both Smith Inc. and Weston Ltd. have June 30, 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.