4 On January 1 of the current year, Northwest Corporation acquired 35,000 shares of Arlington Corporation at $19 per share. Arlington has 100,000 shares of common stock outstanding. The following has come to your attention about Arlington: (4 Marks) Net income for the current year Dividends Paid $160,000 Market price per share of common stock at year-end $18.50 $240,000 a. Prepare all appropriate journal entries for Northwest's investment in Arlington Corporation. b. Compute the year end carrying value of Northwest's investment in Arlington Corporation