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Question 24 30 pts Sawyer Corporation had extra cash laying around, and decided to begin investing in other companies. Prepare the journal entries required on the books of Sawyer Corporation. (Don't worry about the formatting of your answer here on Canvas. Explain which accounts are debited/credited and for how much. Then, show the journal entry in its proper format in the work you submit.) January 1, 2022: Sawyer Corporation acquires 4% of the 700,000 shares of Kiser Company's common stock. Sawyer Corporation paid $8.50 per share. March 15, 2022: Kiser Company declares and pays a cash dividend. The dividend is $0.50 per share. August 1, 2022: Sawyer Corporation checked Kiser Company's stock price, and decided to sell 4,000 of their Kiser Company shares for a total of $37,500. December 30, 2022: Kiser Company announces their net income for the year of $800,000. In addition to the announcement of their net income, Kiser Company also declares and pays a $0.75 per share cash dividend