1. prepare any entries that should be made in for its investment in Lindsay shares during the year

2.at what amount should this investment be reported on the dec 31 balance sheet

Information repeated; Pigeau trd, purchased 42,000 common shares of Lindsay Corporation for S1,000,000. During the year, Eindsay Corporation reported profit of $500,000 and paid dividends of $125,000,00 December 31 , Piesaw year end; Lindsay Corporation's common shares had a market value of $25 per share. Pigeau is a Canadia public company and where it has the choice, it reports gains and losses in other comprehensive income ituation B: Assume that the 42,000 shares represent a 25% interest in Lindsay Corporation which ovides Pigeau with significant influence over Lindsay and are accounted for as a long-term equity astment (7 marks). Prepare the journal entry to record the investment in Lindsay shares