1. Sol Corporation acquired 10% of the 100,000 ordinary shares of C Electronics at a total cost of $15 per share on Dec 1, 2018. On December 30, C Electronics declared and paid a $50,000 dividend. On December 31, C Electronics reported net income of $200,000 for the year. At December 31, the market price of C Electronics was $18 per share. (a) If the share investment is classified as "trading" Please prepare all the necessary journal entries for 2018 Please describe how Sol Corporation will report the investment, income and unrealized gain on its financial statements (b) If the share investment is classified as "non-trading"; Please prepare all the necessary journal entries for 2018 Please describe how Sol Corporation will report the investment, income and unrealized gain on its financial statements 2. Genius Inc., obtained significant influence over K Corp by acquiring 30% of K Corp's 50,000 outstanding ordinary shares at a total cost of $10 per share on January 1, 2018. On June 15, K Corp declared and paid a cash dividend of $50,000. On December 31, K Corp reported a net income of $150,000 for the year. Instructions Prepare all the necessary journal entries for 2018 for Genius Inc and compute the balance in the investment account in K Corp on December 31, 2018