Visage Cosmetics, a public company, acquires 40% of Sage Hill Inc.s 26,900 common shares for $19 per share on January 2, 2021. On June 15, Sage Hill pays a cash dividend of $26,900. On December 31, Sage Hill reports profit of $375,500 for the year. At December 31, Sage Hill shares are trading at $22 per share. Prepare the required journal entries to record the Sage Hill Inc. investment assuming significant influence exists. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit choose a transaction date select an account title to record purchase of investment enter a debit amount enter a credit amount select an account title to record purchase of investment enter a debit amount enter a credit amount (To record purchase of investment.) choose a transaction date select an account title to record collection of dividend from associate enter a debit amount enter a credit amount select an account title to record collection of dividend from associate enter a debit amount enter a credit amount (To record collection of dividend from associate.)