In early 2023 , for the first time. Whispering Winds Corp. invested in the common shares of another Canadlan compary, It acquirsd 5.900 shares of Torchto 5 tock Exchange- raded Bayscapeltd at a cost of $81,125. Bayscape is projected to reach a value of $1550 per share by the end of 2023 and 517 by the end of 2024 and has consistenty pald an annual dividend of 50.90 per share Whispering Winds is also a Canasian public co poration with a December 31 yearend. The controlle of Whispering Winds is uncertaln about which nocountirg method to use. The compamy is intercsted in establishinls a doset relationship with Bayscape, but if that fails, Whispering Winds considers the investment a pood opportunity to make a gain on is sale in the future. The controller has been adved that the investment could be accounted for at cost or at falrvalue. If at fairvalue. a dectson would have to be made about whether to put the chinges in fair value through net income or othercomprehensive income. As one step in making a decision the contruller would like to know what the effect would be on total assets and net inceme in cach of 2023 and 2024 if the predictions about Bayscape's share pricos and dividend's are correct. Assurne there would be no recycling of realized investment gairs and losses: (a) Preparejoumal entries for each of the three accountih talkermatives ind lated to recogize each of the foll owine (1) the 2023 dividend, (2) any December 31,2023 adjustments (3) the 2024 dividend, ind (4) any December 31.2024 adjustments. (Crefit FVOCl (2) Cost (3) FV-NI (3) FVOCl (3) cost (4) FV-NI (4) FVOCI (4)