Pina Colada Inc purchased 90% of Nadal Corporation's 29.500 outstanding common shares at a cost of $15 per share on January 3, 2020 The purchase price of $15 per share was based solely on the book value of Nadal's net assets. On September 21, Nadal declared and paid a cash dividend of $38.200 on December 31. Pina Colada's year end, Nadal reported net income of 583.000 for the year, Nadal shares had a fair value of $14.75 per share at December 31. Pina Colada Inc. a private Canadian corporation applies ASPE la Under the assumption that the 30% holding of Nadal does not give Pina Colada sificant influence over Nadal. Identify the possible accounting methods Pina Colada could use under ASPE to account for its investment. Prepare all required 2020 journal entries under each acceptable method. (Credit Accountitles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg 5.2733 Date Account Titles and Explanation FV-Nl method: Debit Credil To record investment purchase To record collection of dividend To record fair value adjustment) Cost method (To record investment purchase (Torecard collection of dividend