On Jan. 1, Year 1, Fermot Company purchased 15% of the voting common stock of Shorne Corp., a private company with no readily determinable fair value. On January 1, Year 3, Fermot purchased 28% of Shorne's voting common stock. If Fermot achieves significant influence with this new investment, how should Fermot account for this investment? It must use the equity method for Year 3 but should make no changes in its financial a.statements for Years 1 and 2 It should prepare consolidated financial statements for Year 3. It must restate the financial statements for Years 1 and 2 as if the equity method had Oc been used for those two years. It may continue to use the cost or fair value methods