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Problem 2-5 L02, 3, 5 Her Company purchased 22,1100 common shares [20%) of Him Inc. on January 1, Year 4, for $54,000. Additional infonnation on

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Problem 2-5 L02, 3, 5 Her Company purchased 22,1100 common shares [20%) of Him Inc. on January 1, Year 4, for $54,000. Additional infonnation on Him for the three years ending December 31, Year 6, is as follows: Year Year 4Year 5 Year 6 Net Income $220,009 24?,500 2&4,\" Dividends Paid $155,!!!) 1?6, 192,500 Market Value per Share at December 31 $18 20 23 On December 31, Year 6, Her sold its investment in Him for $506,000. Required [a] Compute the balance in the investment account at the end of Year 5, assuming that the investment is classied as (ill FVTPL (ii) Investment in associate [iii] FYTDCI lb] Calculate how much income will be reported in net income and other comprehensive income in each of Years 4. 5, and s, and in total for the three years assuming that the investment is classied as ii} F'll'TPl [ii] Investment in associate {iii} WTOCI (c) What are the similarities and differences in your answers for the three parts of (bl

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