Q4 (20 marks) The Geeva Corporation reported the following transactions for the year 2016 Jan 1Purchased 35% of the common shares of unes Board Corporation for S700.000 Thus is a long term investment giving Designilicant influence over the operaties en los Sept. 30Received a $12000 dividend on the Cities Board Corporation stock Dec 31 Utilities Board Corporation reported net income of $176 200 for the veranded De 2014 Dec 31 Gees sold 50% of the lies Board shares or $400,000 Prepare journal entries to record all the above events for the Gees o Corporation. What would you comment on the nature of the investment? Q4 (20 marks) The Geeva Corporation reported the following transactions for the year 2016 Jan 1Purchased 35% of the common shares of unes Board Corporation for S700.000 Thus is a long term investment giving Designilicant influence over the operaties en los Sept. 30Received a $12000 dividend on the Cities Board Corporation stock Dec 31 Utilities Board Corporation reported net income of $176 200 for the veranded De 2014 Dec 31 Gees sold 50% of the lies Board shares or $400,000 Prepare journal entries to record all the above events for the Gees o Corporation. What would you comment on the nature of the investment