The Trendy Clothing Corporation reported the following transactions for the year 2019:

Jan.1 Purchased 35% of the common shares of Cool Hoodies Corporation for $700,000.

This is a long-term investment giving Trendy Clothing significant influence over the operations of Cool Hoodies.

Sept. 30 Received a $42,000 dividend on the Cool Hoodies Corporation stock.

Dec. 31 Cool Hoodies Corporation reported net income of $176,200 for the year ended December 31, 2019.

Dec. 31 Trendy Clothing sold 50% of the Cool Hoodies shares for $400,000.

Prepare journal entries to record all the above events for the Trendy Clothing Corporation.

		Debit	Credit
Jan 1
Sept 30
Dec 31
	.