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Prepare the journal entries for Oak Ridge Corporation for 2022 assuming Oak Ridge can exercise significant influence over Sharp. (Credit account titles are automatically indented

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Prepare the journal entries for Oak Ridge Corporation for 2022 assuming Oak Ridge can exercise significant influence over Sharp. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Date Debit Credit 4 I To record dividends.) (To record share in profit.) Prepare the journemes TUTUR Nuge curPUT GLIVITTUI LULUS VOR NIME Sharp and decides to hold the shares as a trading investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. 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 an. 1 Trading Investments 1904000 Cash 1904000 ane 30 Cash 33600 Dividend income 33600 lec. 31 33600 Dividend Income 23600 (To record dividends.) lec. 31 Trading investments 822 822 Unrealized Gain on Trading Investments (To record unrealized gain / loss on trading investments.) Question 3 of 3 ./20 View Policies Current Attempt in Progress Oak Ridge Corporation acquired 25% of the common shares of Sharp Inc. on January 1, 2022. by paying $1,904,000 for 67.200 shares (Both companies are publicly-traded companies. Sharp declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2022. Sharp reported net income of $896,000 for the year. At December 31, the fair value of the Sharp shares was $29 per share

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