Handley Corporation acquired 25% of the common shares of Sharp Inc. on January 1, 2022, by paying $1,462,000 for 51,600 shares. Both companies are publicly-traded companies. Sharp declared and paid a $0.50 per share cash dividend on June 30 and again on December 31, 2022. Sharp reported net income of $688,000 for the year. At December 31, the fair value of the Sharp shares was $29 per share. Prepare the journal entries for Handley Corporation for 2022 assuming Handley can exercise significant influence over Sharp. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 Trading Investments 1,462.000 Cash 1,462,000 June 30 Cash 25,800 Dividend Income 25,800 Dec. 31 Cash 25,800 Dividend 25.800 (To record dividends.) Dec. 31 Trading Investments Realized Gain on Trading Investments (To record share in profit.) Save for Later Attempts: 1 of 3 used Submit Answer Isine multinle attemnts will imnact your score