2021 tan 1 lwestor Corporation nurchased n.ooo shares (asth) ef lnrestee Compary's eutatanding whock at 7 cont of 1139,006 . Vay 31 Investee Company deciared and paid a cant devidend of 51.50 per share. Dec 31 Invnstee Company annocinced that its net inceme for the year was 2022 Oct 1 livestee Company declared and poid a cath dividend of 51.00 per share. Dec 31 lowestee Company announced that its net inceme for the year was 2023550,000. Jan 1 havestor Corporation sold all of its shares of Imvestee Conpany for $178,000 cash. Required: 1. Prepare joumal entries on lnveator Corporation's bocks using the equity method, which assumes that Investor has significant influence over linvestee Company. 2. Prepare joumal entries on Investor Corporation's bools using the cost mothod, which assumes that even though Investor owns 20% b of Investee's stock, Investor does not have signifieant influence over Investee (for example, another corparation owns 70% of tnvestee Company's stock)