2. On February 1, 2018, Henry Corporation purchased 200,000 shares of Glover, Inc., common stock for $5,400,000. The investment represents a 40% interest in the net assets of Glover and gave Henry the ability to exercise significant influence over Glover's operations On September 30, 2018, Henry received dividends of $1.00 per share on the Glover investment. Glover reported net income of $300,000 for the year ended December 31, 2018. The market value of the Glover stock was $30 per share on December 31, 2018. 9199 On February 1, 2018, the book value of Glover's net assets was $8,000,000. The fair value of Glover's depreciable assets, with an average remaining useful life of ten years, exceeded their book value by $800,000. Glover depreciates its assets by the straight-line method. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. INSTRUCTIONS a) Prepare all appropriate journal entries related to the investment during 2018, assuming Henry accounts for this investment by the equity method. Prepare all appropriate journal entries related to the investment during 2018, assuming that the 200,000 shares of Glover represent a 5% interest in the net assets of Glover rather than a 40% interest. b)