Following is a summary of the investments owned by Cheyenne Corporation, as of January 1, 2020: Percentage of Outstanding Shares Investment STG Corporation Brach Ltd. 33% Cheyenne's Intention To be sold when prices increase Buy additional shares to achieve control of company Cheyenne has members on Brach's Board of Directors. To be sold when prices increase Hold indefinitely. Another company owns the remaining 78% of shares Hold indefinitely 2% Raptor Inc. CMP Ltd. Diloph Inc. 229 During 2020, the various companies paid dividends at various times throughout the year, as follows: Investment STG Corporation Brach Ltd. Raptor Inc. CMP Ltd. Diloph Inc. Cheyenne's Share of Dividends $6,770 26,600 2,730 17,100 5,170 Your answer is partially correct. Try again. For each of the investments, indicate which accounting model is most applicable, based on the information provided and assuming Cheyenne follows IFRS. Investment Accounting Model STG Corporation Brach Ltd. Equity method Equity method Equity method Raptor Inc. EMP Ltd. Equity method Diloph Inc. Equity method Your answer is incorrect. Try again. alculate the amount of dividend income to be shown on Cheyenne's income statement for 2020. ividend Income 58370 1:57 PM ACCOUDODO Model . Equity method tion Amortized cost Cost Equity method FV-NI FV-NI or FV-OCI 1 FV-OCI | Equity method