Required information Ocean Enterprises Inc. (Ocean) acquired 15% of the 100,000 outstanding common shares of Whale Ltd. (Whale) on January 1,2022 , for a cash consideration of $180,000 and a further 10% of the company's common shares a year later for $130,000. On July 1, 2023, Ocean sold half of its holding in Whale for proceeds of $175,000. Whale earned income of $150,000 in 2022 and $180,000 in 2023 (evenly over both years) and paid a regular semiannual dividend of $40,000 on June 30th and December 31st of each year. Ocean does not have significant influence over Whale. The company's shares were trading for $13 at the end of 2022 and $1175 at the end of 2023. Assume Whale has ciassified the investment as fair value through profit and loss (FVTPL). Prepare dated journal entries for Ocean for 2022 to account for its investment in Whale and any related income therefrom