Part B (10 marks) Far East Limited purchased 40% interest in ordinary shares of Blackburn company for $350,000 on 1 January 2020. For the year ended December 31, 2020, Blackburn reported net profit after tax of $105,000. During the year, Blackburn paid cash dividends of $45,000. It is presumed that Far East Limited have significant influence over Blackburn company. On January 1, 2021, Far East Limited disposed all the shares of Blackburn for cash $400,000. Required: i. For the financial statements of Far East Limited for December 31, 2020, show and illustrate the total investment in Blackburn under equity accounting. (7 marks) ii. Prepare accounting entries for the disposal of Blackburn on January 1, 2021 and make the necessary equity accounting adjustments for the consolidated financial statements