Part A (10 marks) Cardinal Machinery acquired 10% of the 200,000 ordinary shares of Ordinal Tools at a total cost of $13 per share on March 18, 2022. On June 30, Ordinal Tools declared and paid $75,000 cash dividends to all shareholders. On December 31, Ordinal Tools reported net profits of $122,000 for the year, and the market price of Ordinal Tools was $15 per share. On January 6, 2023, Cardinal Machinery sold all the shares of Ordinal Tools. The net proceeds were $330,000. Required: Prepare the journal entries from March 18, 2022 to January 7, 2023 to record the transactions for Cardinal Machinery. (Narratives are required)