Equity with Fair Value Readily Determinable. (12 points) Greenburg Company reports an investment occurring January, 1 of the current year in the publicly traded common stock of 100,000 shares of Cannon Corp. at $33 per share acquisition cost. Greenburg does not have significant influence over the investee. Prepare the journal entry required to record the acquisition of the Cannon Corp. shares. Prepare the journal entry required to adjust the carrying amount of the Cannon Corp, res to their fair value at the end of the first year. Their price at that time was 538 per share Prepare the journal entry required to adjust the carrying amount of the Cannon Corp. shares to their fair value at the end of the second year. Their price at that time was $44 per share