RR Company purchased 12,000 common shares of SS Inc. on January 1, Year 1 for $198,000. SS inc. had 80,000 common shares outstanding. The following information relates to SS Inc.: On January 1, Year 3, RR sold Investment in SS Inc. shares for $20 per share. Required: Show all calculations for full marks i) Prepare the journal entries for years 1, 2 and on January 1, Year 3 assuming the following independent scenarios: a) Investor plans to sell the shares in the short term for profit b) Elect to use FVTOCI (include all closing journal entries, as well as closing entry on January 1 Year 3 ) c) Investor has significant influence ii) What is the total change in Retained Earnings (in dollars) from January 1, Year 1 to January 1 , Year 3 for each scenario? Show all numbers(changes) for each year to support your total change