Question 1: Panasonic Company purchased 80% of the outstanding voting shares of Samsung Company at the beginning of 2016 for $ 1,161,000. At the time of purchase, Samsung Company's total stockholders' equity amounted to R. O1,425,000. Income and dividend distributions for Samsung Company from 2016 through 2018 are as follows: 2016 2017 2018 Net income (los) RO 190,500R O 157,500 RO(165,000) Dividend distribution 75,000 150,000 105,000 Prepare journal entries for Panasonic Company from the date of purchase through 2018 to account for its investment in Samsung Company under the following assumptions A. Panasonic Company uses the cost method to record its investment. B. Panasonic Company uses the partial equity method to record its investment. C. Panasonic Company uses the complete equity method to record its investment. The difference between book value of equity acquired and the value implied by the purchase price was attributed solely to an excess of market over book values of depreciable assets, with a remaining life of 6 years