On January 1, 2018, Regal Entertainment acquired a 40% interest in Cineworld Inc. for $250,000. On that date, Cineworld's balance sheet disclosed net assets of $430,000. During 2018, Cineworld reported net ncome of $100,000 and paid cash dividends of $30,000. Any excess cost over fair value is attributable to an unamortized trademark with a 20-year remaining life. Required 1. Assume that Regal accounts for its investment in Cineworld using the equity method. Prepare 2. Assume that Regal accounts for its investment in Cineworld using the partial equity method 3. Assume that Regal accounts for its investment in Cineworld using the initial value method. all journal entries that Regal would record for its investment during 2018. Prepare all journal entries that Regal would record for its investment during 2018. Prepare all journal entries that Regal would record for its investment during 2018. On January 1, 2018, Regal Entertainment acquired a 40% interest in Cineworld Inc. for $250,000. On that date, Cineworld's balance sheet disclosed net assets of $430,000. During 2018, Cineworld reported net ncome of $100,000 and paid cash dividends of $30,000. Any excess cost over fair value is attributable to an unamortized trademark with a 20-year remaining life. Required 1. Assume that Regal accounts for its investment in Cineworld using the equity method. Prepare 2. Assume that Regal accounts for its investment in Cineworld using the partial equity method 3. Assume that Regal accounts for its investment in Cineworld using the initial value method. all journal entries that Regal would record for its investment during 2018. Prepare all journal entries that Regal would record for its investment during 2018. Prepare all journal entries that Regal would record for its investment during 2018