et ered ed out of 1 ag ion On January 1 2016, Mooza Company purchased 80,000 of the 100,000 outstanding shares of common stock of Hajar Company as a longer-term investment. The purchase price of OMR 4,850,000 was paid in cash. Additional data on Singer Company for the four years following the purchase are Net Income (loss) 2016 2017 2018 2019 OMR2,800,000700,000 (220,000) (260,000) 500,000 500,000 Cash dividends paid, 12/30 500,000 500,000 Required: Prepare journal entries under each of the following methods to record the purchase and all investment-related subsequent events on the books of Mooza Company for the four years. a) Ahmed uses the cost method to account for its investment in Unine