Purchase of investment in equity securities with significant influence

Included are transactions and events related to Kodak Company:

2021

January 2	Kodak purchased 30,000 common shares of Cinefoto Inc. for $411,000 in cash (cash). Cinefoto has 90,000 outstanding common shares and its businesses are significantly influenced by Kodak.
August 2	Cinefoto declared and paid a cash dividend of $1.50 per share.
December 31	Cinefoto announced that its net income for 2021 was $486,900.

2022

February 15

Kodak sold 3,000 of its Cinefoto common stock for $71,000 in cash

Prepare daily tickets to record previous Kodak Company transactions and events .

1. Make the journal entry of January 2, 2021 to register the purchase of the investment in Cinefoto.

2. Make the journal entry to record the dividend payment on August 2, 2021.

3. Make the journal entry to record Cinefoto's net income on Kodak's books as of December 31, 2021.

4. Enter daily to record on Kodak's books the sale of the 3,000 shares of Cinefoto as of February 15, 2022.