Oliver Corporation has owned stock of Conrad Corporation since 2011. At December 31, 2014, its balances related to this investment were: Equity Investments Fair Value Adjustment (AFS) Unrealized Holding Gain or LossEquity $185,000 34,000 Dr. 34,000 Cr. EXERCISES 3 On January 1, 2015, Oliver purchased additional stock of Conrad Company for $475,000 and now has significant influence over Conrad. If the equity method had been used in 20112014, Olivers share of income would have been $33,000 greater than dividends received. Prepare Olivers journal entries to record the purchase of the investment and the change to the equity method.