On January 1, Y5, Belmont Inc had 100,000 shares outstanding. On that date, Aylmer Inc purchased 25,000 of the outstanding shares of Belmont Inc On January 1, Y5, Aylmer paid a price of $9.60 per share (for Belmont's shares). Both companies have a December 31 year end. Other important information: At December 31, Y5: Aylmer Inc - net income $47,000 Belmont Inc - net income $38,000 Belmont Inc -dividends paid $7,000 Belmont Inc - market price per share $10.30 REQUIRED: 1. Assume Aylmer Inc accounts for the investment as Fair Value thru Net Income (FV-NI). Record all the appropriate transactions for Y5. 2. Assume Aylmer Inc has significant influence and accounts for the investment using the equity method. Record all the appropriate transactions for Y5.