Sarasota Inc. purchased $30\%$ of Nadal Corporation's $30,500$ outstanding common shares at a cost of $$15$ per share on January $3,$

$2023.$ The purchase price of $$15$ per share was based solely on the book value of Nadal's net assets. On September $21,$ Nadal declared and paid a cash dividend of $$39,800.$ On December $31.$ Sarasota's year end, Nadal reported net income of $$87,000$ for the year. Nadal shares had a fair value of $$14\mathrm{.}80$ per share at December $31.$ Sarasota, a private Canadian corporation, applies ASPE.

$($a$)$

Your answer is partially correct.

Under the assumption that the $30\%$ holding of Nadal does not give Sarasota significant influence over Nadal, identify the possible accounting methods Sarasota could use under ASPE to account for its investment. Prepare all required $2023$ journal entries under each acceptable method. that is FV$-$NI method, Cost method and Investment method.