On January 1, 2009, Perelli Company purchased 70.000 of the 100,000 outstanding shares of common stock of Singer Company as a long-term investment. The purchase price of dollar 3, 885,000 was paid in cash. At the purchase date, the balance sheet of Singer Company included the following: Current assets dollar 2, 926, 550 Long-term assets 3, 894, 530 other assets 759, 690 Current liabilities 1, 557, 542 Common stock dollar 20 per value 2,000,000 Other contributed capital 1, 891, 400 Retained earnings 1, 621,000 Additional data on singer Company for the four years following the purchase are: 2009 2010 2011 Net income (loss) dollar 997, 800 dollar 476,000 (dollar 179, 600) Cash dividends paid, 12/30 500,000 500,000 500,000 Required: Prepare the journal entries under each of the following methods to record the purchase and all investment-related subsequent events on the books Perelli Company for the three years, assuming that any excess of purchase price over book value of equity acquired was attributable solely to an excess of market over book values of depreciable assets (with a remaining life of 10 years, S-L depreciation) Perelli used the cost method to account for its investment in singer. Perelli used the partial equity method to account for its investment in singer. Perelli used the complete equity method to account for its investment in singer