Both questions please

4. Hamilton Corp. acquired (purchased) 25% of the outstanding common shares of Gagnon Lte on December 31, 2016. The purchase price was $1,250,000 for 62,500 shares. Gagnon declared and paid a cash dividend of S.75 per share on June 15 and again orn December 15,2017. Gagnon's reported net income for 2017 was S520,000. Gagnon's shares were trading at $21 per share on December 31, 2017. Hamilton is a public company that follows IFRS Required:15 marks] a. Prepare the journal entries for Hamilton for 2016 and 2017. Assume Hamilton cannot b. Prepare the journal entries for Hamilton for 2016 and 2017, assuming Hamilton can c. Prepare an excerpt of Hamilton's Statement of Financial Position showing the exercise significant influence. Gagnon is accounted for using FV-OCI. [4 marks] exercise significant influence over Gagnon. [3 marks] investment amount and correct presentation at December 31, 2017 under both models e.g. Hamilton does not exercise significant influence and Hamilton does exercise significant influence? [3 marks] Prepare an excerpt of Hamilton's Statement of Comprehensive Income showing the amounts and correct presentation for the investment under both methods. [5 marks] d. 5. Mondavi Inc. purchased manufacturing equipment for $315,000 on January 1,2013. Mondavi has a December 31s year-end. The following estimates relate to the equipment: Estimated useful life Estimated life Estimated residual value Estimated salvage value Estimated units of production 240,000 units Estimated machine hours ears 15 vears $15,000 $10,000 25,000 hours During fiscal 2013, Mondavi used the equipment for 2,650 hours to produce 25,500 units. Required:13 marks] a. Calculate the depreciation expense for 2013 using: 15 marksl i. Straight-line ii. Units-of-production iii. Working hours iv. Declining balance V. Double-declining balance b. Mondavi sold the equipment on June 30, 2018 for cash proceeds of $160,000. Assume Mondavi takes a full year of depreciation in the year of acquisition] Prepare the required entries to recognize the sale using: 18 marks] a. Straight-line depreciation b. Declining balance depreciation