3. On 1/1/2015, Choco paid $92,000 to acquire 10% of the voting common stock of Cookie. In 1/1/2016, Choco acquired additional 20% of the voting common stock of Cookie for $210,000. Following is the financial information about Cookie. Book value of net assets 1/1/2015 S800,000 Net income (2015) Net income (2016) Dividends (2015) Dividends (2016) S180,000 S210,000 S80,000 S100,000 S60,000 Land undervalued 12/31/2015 Land undervalued 12/31/2016 S70,000 All excess payment will be recorded using Trademark which has useful life of 9 years in 2016. During the year, there was no fair market value adjustment for Cookie. Q1: In 2015, what method should be used to record this investment? Q2: What is the balance of the investment account in Cookie at 12/31/2015? Q3: What is the journal entry to record for dividends paid by Cookie at 12/31/2015? Q4: In 2016, after additional 20% acquisition of Cookie, what method should be used to record this investment for 2015 and 2016? Q5: Calculate trademark in 2015 that will be recorded in 2016(if any)