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***Need the answer to gains. Answer is NOT $45,801.60 On January 1,2022, Halstead, Incorporated,...

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Accounting

***Need the answer to gains. Answer is NOT $45,801.60 On January 1,2022, Halstead, Incorporated, purchased 78,000 shares of Sedgwick Company common stock for $1,430,000, giving Halstead 25 percent ownership and the ability to apply significant influence over Sedgwick. Any excess of cost over book value acquired was attributed solely to goodwill.
Sedgwick reports net income and dividends as follows. These amounts are assumed to have occurred evenly throughout these years. Dividends are declared and paid in the same period.
\table[[Year,Net Income,\table[[Annual Cash Dividends],[(paid quarterly)]]],[2022,$351,000,$101,000
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