Maven, Inc. purchased 20,000 shares of Dooley Corp. common stock on January 1, 2020 at a price of $54 per share, which was equal to the per share book value of Dooley on that date. Dooley declared and paid dividends of $2.00 per share on December 15, 2020. Dooley's net income for the year was $600,000, and the market value of its stock was $52 per share on December 31, 2020. Maven has never owned any other stocks or bonds as investments. REQUIRED: 1. Assuming that Maven's purchase of the Dooley stock represented a 10% interest in the company, and that therefore Maven could not exercise significant influence or control over Dooley, prepare the journal entries on Maven's books to record the investment transactions using the market value method for trading securities. 2. Assuming that Maven's purchase of the Dooley stock represented a 30% interest in the company, and that therefore Maven could exercise significant influence and control over Dooley, prepare the journal entries on Maven's books to record the investment transactions using the equity method for investments