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Sunland Inc. obtained significant influence over Carla Vista Corporation by buying 42% of Carla Vista 31,800 outstanding shares common stock at a total cost of

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Sunland Inc. obtained significant influence over Carla Vista Corporation by buying 42% of Carla Vista 31,800 outstanding shares common stock at a total cost of $15 per share on January 1, 2022. On June 15 Carla Vista declared and paid a cash dividend of $34,600. On December 31 Carla Vista reported a net income of $125,000 for the year. Prepare all the necessary journal entries for 2022 for Sunland Inc. (Credit account eitles are automatically indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Credit Debit

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