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On January 15, 2020, Bieber Co. purchased 30,000 shares of Hand Co. at $35 per share, paying $10,000 in commissions to the broker of the deal. On March 17, 2020, Hand Co. paid a cash dividend of $2.50 per share. The fair value of the Hand Co. stock at the end of 2020 was $38 per share. During 2020, Hand Co. had net income of $3,000,000. Instructions - round all calculations to the nearest dollar a. Prepare the journal entries for Bieber Co. for the above transactions assuming the amount of shares purchased represents less than 20% of Hand Co. outstanding stock. b. Prepare the journal entries for Bieber Co. for the above transactions assuming the amount of shares purchased represents 40% of Hand Co. outstanding stock