ET Mags Manufacturing of Benicia, California acquired a 20% interest in the outstanding stock of Aluminum Alloy Industries on December 31, 2016. The purchase price for Aluminum Alloy was $1,631,250 and amounted to 181,250 shares. During 2017, Alumi num Alloy Industries paid a dividend on June 30th of $1.50 per share For the year ended December 31, 2017, Al umi num Alloy reported net income of $4,250,400. Its stock price on December 31, 2017 was $19.90 per share. Required Prepare all journal entries required by ET Mags for the time period starting with December 31, 2016 and through year end December 31, 2017. a. Assuming they "cannot" exercise significant control, and the ecurities are reported as "available for sale" b. Assuming they "can" exercise significant control