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) Prepare the journal entries for Grouper for 2019 and 2020, assuming that Grouper cannot exercise significant influence over Gregson. The investment is accounted for using the FV-OCI model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

B) Prepare the journal entries for Grouper for 2019 and 2020, assuming that Grouper can exercise significant influence over Gregson. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

C)What amount is reported for the investment in Gregson shares on the December 31, 2020 statement of financial position under each of these methods in Fair Value Method and Equity Method?