Clinton Inc., a publicly traded company, purchased 200 of Dong Ltd's common shares for $246,000 on Jantary 1. During the year, Dong reported net income of $335,000 and declared and paid dividends of $36,000. The investment's fair value at December 31 was $292.000, the company's year end. Determine the accounts and balances that would appear on the statement of income at the end of the current year, and identify where those accounts are presented on that statement assuming (a) there is significant influence and the equity method is used, (b) the investment is accounted for under the fair value through profit or loss model, and (c) the investment is accounted for under the cost model. (a) Significant Influence (b) EquityMethodNo-SignificantInfluenceFVTPLModelCostModel Statement of Income: Other income and expenses Dividend income Income from associates Unrealized gain on long-term investments eTextbook and Media Attempts: 0 of 3 used Subrnit Arswer Save for later Ayayai Corporation had the following transactions: Aug. 1 Purchased 14,000 Reynolds Corp. common shares for $126,000 with the intention of trading them. Sept. 10 Received a dividend on the Reynolds shares of $1.20 per share. Oct. 22 Sold half of the investment in Reynolds shares at $14 per share. Dec. 30 Reynolds declares a dividend of $1.25 per share, payable next year. (a) Record the above transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries