24. Foster Enterprises purchased 20% of the outstanding common stock of Novelties, Inc., on April 5 2021, paying $150,000 for stock, plus brokerage fee $2,000. During 2021, Novelties reported net income of $60,000 and paid dividends to shareholders of $10,000. On December 31, 2021, Foster's investment in Novelties stock had a fair market value of $158,000. On January 3, 2022, Foster Enterprises sold half investment of Novelties, Inc. stock for $90,000. Required: Assuming this is the only security owned by Foster, prepare all journal entries required by Foster on January 3, 2022 assuming: Question Group (15 Points) (1) The security is classified as an FVTOCI financial asset-equity. Short Answer (9 Points) Attachment Upload (2) The equity method is applied to the investment. Short Answer (8 Points) Attachment Upload