On March 1, 2020, Mark Ltd. acquired 2,000 shares of Hot Co. for $70,000. This investment represents a 30% interest in Hot Co. and Mark Ltd. has significant influence. On November 30, 2020, Hot Co. Paid a $35,000 dividend to its shareholders. At February 28, 2021 Hot Co's. shares were valued at $40 per share and Hot Co. reported net income of $150,000 for the year. On April 15, 2021, Mark Ltd. sold the shares for $116,000. Both Mark Ltd. and Hot Co, have February 28, 2021 year-ends.

Prepare dated journal entried for the investment on the acquiring company's books from acquisition to disposal. Ignore income taxes.