Grouper Corp. is facing a decision as to whether to purchase 40% of Kyla Corp.s shares for $2.80 million cash, giving Grouper significant influence over the investee company, or 60% of Kylas shares for $4.20 million cash, making Kyla a subsidiary company. The book value of Kylas net assets is $7.00 million (assets are $22 million and liabilities are $15.00 million).

How will this investment affect Groupers statement of financial position if Grouper acquires a 40% interest, assuming Grouper applies IFRS? Indicate the immediate effect on Groupers total assets, total liabilities, and shareholders equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter 0 for amounts and no effect for effects. If an amount reduces the account balance then enter with negative sign.)

Assets				Liabilities				Shareholders equity
$enter a dollar amount in millions million		select an effect No EffectCashSignificant Influence InvestmentsInvest. in Associate		$enter a dollar amount in millions million		select an effect No EffectSignificant Influence InvestmentsCashInvest. in Associate		$enter a dollar amount in millions million		select an effect Invest. in AssociateSignificant Influence InvestmentsCashNo Effect
$enter a dollar amount in millions million		select an effect Invest. in AssociateNo EffectSignificant Influence InvestmentsCash		$enter a dollar amount in millions million		select an effect Significant Influence InvestmentsNo EffectInvest. in AssociateCash		$enter a dollar amount in millions million		select an effect Significant Influence InvestmentsCashInvest. in AssociateNo Effect
$enter a total amount in millions million		select an effect CashNo Net EffectSignificant Influence InvestmentsInvest. in Associate		$enter a total amount in millions million		select an effect Invest. in AssociateCashSignificant Influence InvestmentsNo Net Effect		$enter a total amount in millions million		select an effect Significant Influence InvestmentsNo Net EffectInvest. in AssociateCash