Q4 (20 marks) The Geere Corporation reported the following transacted for ile year 2016 Jan 1Purchased 35% of the common shares of land and S700.000 Thus is a long term investment giving DEMilicant inden over the operances of the low Sept:30Remda se dividend Uull Board Corporation ock Dec 31Uhe Board Corporation reported net income $176 200 fer the year ended Demet 2014 Dec 31 Gerold 50% of the Ullard chart Prepare journal entries to record all the abovents for the Geeso Corporation. Mar woul you coment on the nature of the investment o 3 Q4 (20 marks) The Geere Corporation reported the following transacted for ile year 2016 Jan 1Purchased 35% of the common shares of land and S700.000 Thus is a long term investment giving DEMilicant inden over the operances of the low Sept:30Remda se dividend Uull Board Corporation ock Dec 31Uhe Board Corporation reported net income $176 200 fer the year ended Demet 2014 Dec 31 Gerold 50% of the Ullard chart Prepare journal entries to record all the abovents for the Geeso Corporation. Mar woul you coment on the nature of the investment o 3