1. Consider the following data for intercorporate investments: Year Shares (sold) purchased Price/share Price/share 20x1 20x2 220 (85) Jan 1 $74 58 Dec 31 $62 77 All sales and purchases are assumed to occur on January 1. Price may vary from price on previous day (December 31). Investee eps Investee dps 20x1 $7 4 20x2 $8 4 Investee eps (earnings per share); Investee dividend per share (dps) Consider Trading, and the Equity method for classifying investment Required: a. Show the B/S carrying amount for each of the 2 years if the investment is classified as TRADING, and EQUITY METHOD (Show calculations) (7 marks) ' Required: a. Show the B/S carrying amount for each of the 2 years if the investment is classified as TRADING, and EQUITY METHOD (Show calculations) (7 marks) 20X1 20x2 TRADING EQUITY-method b. Show the total income recognized for each of the 2 years if the investment is classified as TRADING, and EQUITY METHOD (Show calculations) (11 marks) 20X1 20X2 TRADING EQUITY-method b. Show the total income recognized for each of the 2 years if the investment is classified as TRADING, and EQUITY METHOD (Show calculations) (11 marks) 20X1 20X2 TRADING EQUITY-method 2. Pension information: Current salary Years until retirement Annual compensation increases Discount rate Benefit Required: Construct the pension table. (12 marks). $40,000 3 5% 10% 2%