Pillar Steel Co., which began operations on January 4, 2012, had the following subsequent transactions and events in its long-term investments. 2012 Jan 5 Pillar purchased 30,000 shares (20% of total) of Kildaire's common stock for $780,000. Oct 23 Kildaire declared and paid a cash dividend of $1.60 per share Dec 31 Kildaire's net income for 2012 is $582,000, and the fair value of its stock at December 31 is $27.75 per share. 2013 Oct 15 Kildaire declared and paid a cash dividend of $1.30 per share. Dec 31 Kildaire's net income for 2013 is $738,000, and the fair value of its stock at December 31 is $30.45 per share 2014 Jan 2 Pillar sold all of its investment in Kildaire for $947,000 cash. Instructions: 1) Prepare journal entries to record the above transactions and events for Pillar assuming that Pillar has a significant influence over Kildaire with its 20% share of stock. 2) Prepare journal entries to record the above transactions and events for Pillar assuming that although Pillar owns 20% of Kildaire's outstanding stock, circumstances indicate that it does NOT have a significant influence over the investee and that it is classified as an available-for-sale security investment.