Grouper Inc. acquired 10% of the outstanding common shares of Gregson Inc. on December 31, 2019. The purchase price was $904,000 for 45,200 shares, and is equal to 10% of Gregsons carrying amount. Gregson declared and paid a $0.80 per share cash dividend on June 15 and again on December 15, 2020. Gregson reported net income of $516,000 for 2020. The fair value of Gregsons shares was $24 per share at December 31, 2020. Grouper is a public company and applies IFRS.

a)

b)

the account list for b) part is below

Where is the investment reported on statement of financial position? The Investment accounts under both Fair Value Method and Equity Method are likely to be included in non-current liability current liability non-current assets current assets e Textbook and Media What amount is reported on Grouper's statement of comprehensive income in 2020 under each of these methods, and where are the amounts reported? Grouper Inc. Statement of Comprehensive Income For the Year Ended December 31, 2020 Fair Value Method Equity Method $ $ $ $ Other comprehensive income: Effect on comprehensive income for 2020 $ $