(b) Assume that Blake is a private company. Even though it has significant influence, it chose to usi'the cost method to account for its investment. Prepare all the journal entries that Blake should make regarding this investment in Year 5 and Year 6. (b) Assume that Blake is a private company. Even though a has significant influence, it chose to use the cost method to account for its imvestment. Prepare all the joumal entries that Blake should make regarding this investment in Year 5 and Year 6. (c) This part of the question is not part of your Connect assignenent On January 1, Year 5, Blake Corporation purchased 30\% of the outstanding common shares of Stergis Limited for $2.500.000 The following relates to Stergis since the accuisition date: Required: (a) Assume that Blake is a public company and the number of shares held by Blake is enough to give it significant influence over Stergis. Prepare all the journal entries that Blake should make regarding this investment in Year 5 and Year 6