On 30 June 20x2, King Ltd. purchased 45,000 shares of Prince Inc. for $72,000 plus $4,500 in commission. In 20X2, the company received a $2,250 of dividends, and the shares had a fair value of $90,000 at the end of the year. In 20X3, there were no dividends and the shares were sold for $117.000 less a $1,800 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. Journal entry worksheet Record the investment made in Prince Inc. des before credits b. Assuming King reports under IFRS and classified the investment as fair-value- through-profit-or-loss. Journal entry worksheet Record the Purchase of Investment