Orange Inc is a public company with December 31 year-end. The company acquires 7000 shares of Lemon Inc at a cost of RO 25/share. On January 1, 2018 transaction cost totals RO 1350, and Orange Inc chooses to include them in the cost of the investment. The investment does not provide Orange Inc with influence over or control of Lemon Inc. Orange classifies them as available for sale investments. During the year ending December 31, 2018, Lemon Inc declares and pays a dividend of RO 1.50/share. The shares of Lemon Inc have a quoted market price that is established in an active market. On December 31, 2018, the Fair Value of Lemon Inc shares have declined to RO 20/share. On March 1, 2019, Orange Inc sells all of the shares of Lemon Inc for RO 30/share. The transaction cost of disposal is RO 2150. Answer the questions given which are related to the case problem and the topic in general. Identify the account debited by Orange Inc to record the Dividend Income: (Refer to case 1) O a. Investment A/C Ob. Cash A/C Oc. Investment Income A/C Od. None of the given option stion 32 yet vered ked out of ag question ion 33 ret ered ed out of g question Calculate the value of investments purchased by Orange Inc on January 1, 2018. (Refer to case 1) O a. RO 167,350 O b. None of the given option O c. RO 1,350 O d. RO 176,350 The re-allocation Adjustment OCI on March 1, 2019 has: (Refer to case 1) O a. Credit Balance O b. None of the given option Oc. Debit Balance O d. Nil Balance on 34 et red d out of 3 question Calculate the loss faced by Orange Inc in December 2018 due to fall in market price (Refer to case 1): Oa. RO 35,063 b. RO 36,350 O c. RO 70,000 Od. None of the given option on 35 et red dout of question Calculate the amount of Dividend Income received by Orange Inc for the year 2018. (Refer to case 1) O a. RO 15,000 O b. RO 1,350 Oc. RO 10,500 O d. None of the given option d 36 out of question Identify the account credited in 2018 by Orange Inc to record the fall in the Market Price of shares (Refer to case 1): O a. None of the given option O b. Investment Income A/C Oc. Investment A/C