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Question 2: A) Apple Inc. purchases a 25% investment or 25 shares in Samsung Inc. for $400,000 cash on January 2, 2021. They intend to hold this investment for at least five years. B) On December 31, 2021 Samsung Inc. reports net income of $320,000 for the year. C) On March 31, 2022 Samsung Inc. declares and pays a cash dividend of $400 per share. D) On November 1, 2022 Apple Inc. sells 12 shares of Samsung Inc. to LG Inc. for $15,000 per share. Required: What type of investment is this and how should it be classified on the balance sheet? Marks Available: 2 2 Create the necessary journal entries to record all of the above transactions, no descriptions are required