Dinkel Concrete acquired the outstanding common stock of Pinkston, Inc. on January 1, 2017, by paying S1,350,000 for 50,000 shares. Pinkston declared and paid a $o 50 per share cash dividend on December 31, 2017. Pinkston reported net income of S600,000 for the year. At December 31, 2017. the market price of Pinkston's common stock was $30 per share. * Dinkel has the intent to sell the Pinkston investment sometime in the future and therefore classifies its investment in Pinkston as available-for-sale. Instructions (a) Assuming Dinkel purchased a 10% interest in Pinkston i. What method should Dinkel use to account for this investment? ii. Prepare all the 2017 required journal entries for Dinkel's Concrete investment in Pinkston. iii. At what value is Dinkels investment in Pinkston reported on the December 31, 2017 Balance Sheet? $ (b) Assuming Dinkel purchased a 25% interest in Pinkston i. What method should Dinkel use to account for this investment? ii. Prepare all the 2017 required journal entries for Dinkel's Concrete investment in Pinkston. iii. At what value is Dinkels investment in Pinkston reported on the December 31, 2017 Balance Sheet? $