On May 20, 2015, Montero Co. paid exist1, 110,000 to acquire 36,000 common shares (10%) of ORD Corp as a long-term investment. On August, 2016 Montero sold one-half of these shares for exist647,000. What valuation method should be used to account for this stock investment? Fair value method Equity method Prepare entries to record both the acquisition and the sale of these shares. On May 20, 2015, Montero Co. paid exist1, 110,000 to acquire 36,000 common shares (10%) of ORD Corp. as a long-term investment