(9 marks) On January 1, 2019, Aldergrove Corporation purchased 5,000 of the 20,000 outstanding common shares of Perth Ltd. for $20 per share. At the date of purchase the assets and liabilities of Perth Ltd. had the following book and market values: Book Value Fair (Market) value $105,000 $115,000 Depreciable assets (10 years 140,000 175,000 remaining) Liabilities (45,000) (45,000) $200,000 A $245,000 Both companies have a December 31st year end. share During 2019, Perth reported net income of $45,000 Perth also paid total dividends to all of its shareholder of $30,000 Aldergrove prepares financial statements in accordance with IFRS and is accounting for its investment in Perth using the equity method. Required: y explain why Aldergrove would use the equity method. (1 mark) Record Aldergrove's entry to record the purchase of shares in Perth. [1 mark) Record Aldergrove's entry to record receipt of its share of dividends from Perth. (1 mark) 4. Record any other entries required by Aldergrove for its accounting of Perth in 2019. (4 mark) 5. What is the balance that Aldergrove would show on its 2019 balance sheet for its investment in Perth? Show the calculations to your answer. (2 mark) Round all answers to nearest dollar