5) XYZ Corporation has owned stock of ABC Company since 2017. At December 31, 2020, its balances related to this investment were: Equity Investments Fair Value Adjustments $185,000 34,000 Dr. On January 1, 2021, XYZ purchased additional stock of ABC Company for $475,000 and now has significant influence over ABC. Prepare XYZ's journal entries to record the purchase of the investment and the change to the equity method