Bourke Company purchased 40,000 shares of common stock of the Finer Corporation as a short-term investment for $1,600,000. During the year, Finer Corporation reported net income of $450,000 and paid dividends of $95,000. The stock had a market value of $1,450,000 at the end of the year. (a) Assuming that the 40,000 shares represent a 4% interest in Finer Corporation: 1. Prepare the journal entry to record the investment in Finer stock. 2. Prepare any entries that Bourke Company should make in accounting for its investment in Finer stock during the year. (b) Repeat requirement (a) above except assume that the 40,000 shares represent a 40% interest in Finer Corporation 1. Prepare the journal entry to record the investment in Finer stock. 2. Prepare any entries that Bourke Company should make in accounting for its investment in Finer stock during the year