During the year, the company purchased some long term investments. Information about the investments is below: ABC co is recorded using the cost method. Panda Inc. is recorded using FVOCl and E590 uses the equity method. Required: - Prepare the journal entries for each investment for the purchase of the shares. Assume Big Time pays cash for the shares at the purchase date. Also assume that Big Time is purchasing the shares in each company as a strategic investment. - Prepare the journal entries to record the dividends received at December 15th for each company - Prepare the journal entries to record the Net Income of for each company at December 31. Also provide the " T " account for each investment. - Update the investment balance for each company at December 31. Show any journal entries that would be required