Zwick Co. bought 28,000 shares of the voting common stock of Handy Corp. for $280,000 in January 2019, to be available for sale as circumstances warrant. At the end of the fiscal year, Handy announced $800,000 net income for 2019, declared and paid a cash demand of $2 per share on the 200,000 shares of outstanding common stock and ended the year with a stock price of $9.50 per share. Provide the journal entry to record Zwick Co.s investment in Handy Corp. At what amount with Zwick Co. report its investment in Handy at the end of the fiscal year? Provide any necessary adjusting entry needed to achieve this reporting objective.