Alt Design Ltd. acquired 20% of the outstanding ordinary shares of Walter Company on January 1, 2020, by paying 540,000 for the 30,000 shares. Walter declared and paid 1.20 per share cash dividends on December 23, 2020. Walter reported net income of 320,000 for the year. At December 31, 2020, the market price of Walter ordinary shares was 24 per share. Instructions (1). Prepare the journal entries for Alt Design for 2020, assuming Alt Design cannot exercise significant influence over Walter. Walter ordinary shares are classified as a non-trading security. (2). Prepare the journal entries for Alt Design for 2020, assuming Alt Design can exercise significant influence over Walter. Use the equity method