Chapter 12 - Homework (Due on Nov 26) Sol Corporation acquired 10% of the 200,000 ordinary shares of C Electronics at a total cost of $20 per share on Dec 1, 2018. On December 30, C Electronics declared and paid a $60,000 dividend. On December 31, C Electronics reported net income of $150,000 for the year. At December 31, the market price of C Electronics was $25 per share 1. (a) If the share investment is classified as "trading; Please prepare all the necessary journal entries for 2018 Please describe how Sol Corporation will report the investment, income and unrealized gain on its financial statements (b) If the share investment is classified as "non-trading" Please prepare all the necessary journal entries for 2018 Please describe how Sol Corporation will report the investment, income and unrealized gain on its financial statements