a) Drummond Services Ltd. acquired 25% of the common shares of Bella Roma Ltd. on January 1, 2021, by paying $3.5 million for 200,000 shares. Bella Roma declared a $0.50-per-share cash dividend in each quarter that Drummond received on March 15, June 15, September 15, and December 15. Bella Roma reported net income of $2.2 million for the year. At December 31, the market price of the Bella Roma shares was $17 per share. Instructions a) Prepare the journal entries for Drummond Services for 2021, assuming Drummond cannot exercise significant influence over Bella Roma and uses the fair value through profit or loss model. (6 marks) b) Prepare the journal entries for Drummond Services for 2021, assuming Drummond can exercise significant influence over Bella Roma and uses the equity method. (6 marks) Debit Credit Date Accounts and Explanations