On 30 June 20x2. King Ltd. purchased 41,000 shares of Prince Inc. for $73,800 plus $4.100 in commission. In 20X2, the company received a $2,050 of dividends, and the shares had a fair value of $90,200 at the end of the year. In 20X3, there were no dividends and the shares were sold for $114.800 less a $1.640 commission. Required: 1. Prepare journal entries for 20x2 and 20X3: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Assuming King reports under ASPE and has chosen the cost method. View transaction list Journal entry worksheet 2 3 > Record the investment made in Prince Inc. Note: Enter debits before credits. General Journal Debit Credit Transaction 20X2 Record entry Clear entry View general journal b. Assuming King reports under IFRS and classified the investment as fair-value-through-profit-or-loss. View transaction list Journal entry worksheet Record the Purchase of Investment Note: Enter debits before credits General Journal Debit Credit Transaction 20X2 Record entry Clear entry View general journal