Question: Resolute Limited acquired 45% of Jain Corporation's 29,200 common shares for $16 per share on January 1, 2015. On June 15, Jain paid a cash dividend of $71,800 and Resolute received its share of the dividend on the same day. On December 31, Jain reported profit of $150,100 for the year. At December 31, Jain's shares were trading at $20 per share. Resolute accounts for this investment using the equity method.

Resolute also acquired 15% of the 214,700 common shares of Trevis Ltd for $28 per share on March 18, 2015. On June 30, Trevis paid a $149,800 dividend. On December 31, Trevis reported profit of $320,700 for the year. At December 31, Trevis's shares were trading at $26 per share. Resolute intends to hold onto the Trevis shares as a long-term investment for the dividend income. Resolute uses the fair value through profit or loss model for this investment.

Record the above transactions for the year ended December 31, 2015. (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.)