A11-30 ASPE-Cost versus Equity Method: On 3 January 20X4, TA Company purchased 2,000 shares of the 10,000 outstanding shares of common stock of UK Corp. for $14,600 cash TA has significant influence as a result of this acquisition. At that date, the statement of financial position of UK Corp reflected the following Nondepreciable assets, 850.000 (book value is the same the same as fair value) Depreciable asseta (net), $30,000 (fair value, $33,000) Total Liabilities, $20,000 (book value equals fair value) Shareholders' equity, $60,000 Assume a 10-year remaining life (straight-line method) for the depreciable assets. Goodwill is not impaired over the time period in question . . Required: 1. Cive any required entries for TA's books for each item (a) through (d) below, if applicable, assuming that the cost method is used. a. Entry at date of acquisition b. Goodwill purchased-computation only c. Entry on 31 December 20X4 to record $15,000 earnings reported by UK d Entry on 31 March 20Xs for a cash dividend of $1 per share declared and paid by UK 2. Repeat requirement 1 above, as curring that the equity method is appropriate 3. Why might TA use the cost method if it has significant influence