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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.

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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 Decmber 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

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