On 1 July 2018 Ma Ltd acquires a 25 per cent interest in Pa Ltd for a cash consideration of $375 000. On the date of the acquisition, the assets of Pa Ltd are reported at fair value. The share capital and reserves of Pa Ltd at the date of acquisition are:

Share Capital	1,000,000
Retained Earnings	500,000
Total Shareholders Equity	1,500,000

• For the year ending 30 June 2019, Pa Ltd records an after-tax profit of $80 000, from which it pays a dividend of $30 000.
• For the year ending 30 June 2020, Pa Ltd records an after-tax profit of $100 000, from which it pays a dividend of $50 000.
• On 30 June 2020, Pa Ltd revalue its land upwards by $70 000
• The tax rate is 30 per cent.
• Ma Ltd has a number of subsidiaries

Prepare the journal entries under both the cost and the equity method of accounting for the investment in Pa Ltd for the year ending 30 June 2020 (that is, two years after acquisition)