On January 1, 2020, Cheyenne Inc. paid $ 713.000 for 10,000 shares of Ayayai Company's voting common stock, which was a 10% interest in Ayayai. Cheyenne does not have the ability to exercise significant influence over the operating and financial policies of Ayayai. Cheyenne received dividends of $ 1.40 per share from Ayayai on October 1, 2020. Ayayai reported net income of $ 556,000 for the year ended December 31, 2020. The cost and fair value of Genso common stock was the same at December 31, 2020. On July 1, 2021. Cheyenne paid $2,369,000 for 30,000 additional shares of Ayayai Company's voting common stock, which represents an additional 30% investment in Ayayai. As a result of this transaction, Cheyenne has the ability to exercise significant influence over the operating and financial policies of Ayayai. Cheyenne received dividends of $ 2.10 per share from Ayayai on April 1, 2021, and $ 2.70 per share on October 1, 2021. Ayayai reported net income of $ 644,000 for the year ended December 31, 2021, and $ 350,000 for the 6 months ended December 31, 2021. (For both purchases, assume any excess of cost over book value is due to goodwill.) (a) Prepare a schedule showing the income or loss before income taxes for the year ended December 31, 2020, that Cheyenne should report from its investment in Ayayai in its income statement issued in March 2021. CHEYENNE INC. Schedule of Income or Loss from Investment (b) During March 2022. Cheyenne issues comparative financial statements for 2020 and 2021. Prepare schedules showing the income or loss before income taxes for the years ended December 31, 2020 and 2021, that Cheyenne should report from its investment in Ayayai. CHEYENNE INC. Schedule of Income or Loss from Investment 2021 2020 $ $