Pronghorn Corp. is facing a decision as to whether to purchase 40% of Kyla Corps shares for $2.40 million cash, giving Pronghorn significant influence over the investee company, or 60% of Kyla's shares for $3.60 million cash, making Kyla a subsidiary company. The book value of Kyla's net assets is $6.00 million (assets are $16 million and liabilities are $10.00 million). Your answer is partially correct. How will this investment affect Pronghorn's statement of financial position if Pronghorn acquires a 40% interest, assuming Pronghorn applies IFRS? Indicate the immediate effect on Pronghorn's total assets, total liabilities, and shareholders' equity. (Enter answers in millions to 2 decimal places, eg. 1.25. Do not leave any answer field blank. Enter o for amounts and no effect for effects. If an amount reduces the account balance then enter with negative sign.) Assets Liabilities $ $ 120 million Cash $ 4.00 million $ 6.40 million $ 0 million Invest. in Associate Invest. in Associate $ 7.60 million $ 4.00 million eTextbook and Media Your answer is partially correct. How will this investment affect Pronghorn's statement of financial position if Pronghorn acquires a 60% interest, assuming Pronghorn applies IFRS? Indicate the immediate effect on Pronghorn's total assets, total liabilities, and shareholders' equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter O for amounts.) Assets Liabilities Invest. in million Associate million 9.60 6.00 Cash 0 No Effect 0 n 9.60 million 6.00