3. (15 pts) Emory Company purchased 15% of Milsaps at a cost of $300,000 on January 1, 2019. At the time, there was no significant influence and the securities were very short term investments. Milsaps reported earnings in 2019 of $250,000 and paid dividends of $60,000. At the end of 2019, the value of Milsap's stock held by Emory had fallen to $275,000. Record the journal entries for 2019 on the books of Emory regarding the events of Milsaps. 4. (15 pts) Assume the same facts in problem number 3 above, except that Emory purchased 25% of Milsap's for $300,000 and has significant influence. Record the journal entries for 2019 on the books of Emory regarding the events of Milsaps