On 1 January 20x5, Zan Company purchased 5,750 of the 23,000 outstanding common shares of Woo Computer Corp. (WC) for $171000 cash. Zan had significant influence as a result of the investment and will use the equity method to account for the investment On 1 January 20x5, the statement of financial position of WC showed the following book values (summarized) Assets not subject to depreciation Assets subject to depreciation (net) Liabilities Common shares Retained earnings $ 213, 800- 171.000 56,900 256, 100 71,100 "Fair value, $242,400, difference relates to land. **Fair value, $199,600, estimated remaining life. 5 years. Assume there is no impairment of goodwill. Additional subsequent data on WC are as follows: Earnings Cash dividends declared and paid Fair value per share 20X5 20XG $56,900 $72.900 44.900 69,900 Required: 1-1. Provide the investor's entries or give the required information for: (if no entry is required for a transaction/event, select "No Journal entry required in the first account field.) a Entry at date of acquisition Required: 1-1. Provide the investor's entries or give the required information for: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Entry at date of acquisition c. Entries at 31 December 20x5 to recognize investment revenue and dividends. d. Entries at 31 December 20X6 to recognize investment revenue and dividends. View transaction ist Journal entry worksheet Record acquisition of investment Note: Enter debts before credits Transaction General Journal Debit Journal entry worksheet