Novak Corp. is facing a decision as to whether to purchase 40% of Kyla Corp.s shares for $1.60 million cash, giving Novak significant influence over the investee company, or 60% of Kylas shares for $2.40 million cash, making Kyla a subsidiary company. The book value of Kylas net assets is $4.00 million (assets are $18 million and liabilities are $14.00 million). How will this investment affect Novaks statement of financial position if Novak acquires a 40% interest, assuming Novak applies IFRS? Indicate the immediate effect on Novaks total assets, total liabilities, and shareholders equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter 0 for amounts and no effect for effects. If an amount reduces the account balance then enter with negative sign.) Assets Liabilities Shareholders equity $enter a dollar amount in millions million select an effect $enter a dollar amount in millions million select an effect $enter a dollar amount in millions million select an effect $enter a dollar amount in millions million select an effect $enter a dollar amount in millions million select an effect $enter a dollar amount in millions million select an effect $enter a total amount in millions million select an effect $enter a total amount in millions million select an effect $enter a total amount in millions million select an effect How will this investment affect Novaks statement of financial position if Novak acquires a 60% interest, assuming Novak applies IFRS? Indicate the immediate effect on Novaks total assets, total liabilities, and shareholders equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter 0 for amounts.) Assets Liabilities Shareholders equity Kyla's Assets select an effect enter a dollar amount in millions million Kyla's Liabilities select an effect enter a dollar amount in millions million select an effect enter a dollar amount in millions million Cash select an effect enter a dollar amount in millions million select an effect enter a dollar amount in millions million select an effect enter a dollar amount in millions million select an effect enter a total amount in millions million select an effect enter a total amount in millions million select an effect enter a total amount in millions million