Senka corporation acquired 30% of the outstanding ordinary shares of Bian Company on January 1, 2018, by paying $900,000 for the 90,000 shares. Bian declared and paid $0.15 per share cash dividends on March 15, June 15, September 15, and December 15, 2018. Bian reported net income of $160,000 for the year. At December 31, 2018, the market price of Bian ordinary shares was $12 per share. Question 1. Calculate the balance for the following accounts after the activities stated above have taken place. (the balance of all accounts at the beginning is 0) Assuming Senka corporation cannot exercise significant influence over Bian, and Senka made an irrevocable election to treat the equity investment as fair value through other comprehensive income. a. FVTOCI Financial Assets-Equity b. Cash c. Valuation Adjustment of FVTOCI Financial Assets-Equity d. Unrealized Gains or Losses of FVTOCI Financial Assets-Equity 2. Calculate the balance for the following accounts after the activities stated above have taken place. (the balance of all accounts at the beginning is O) Assuming Senka can exercise significant influence over Bian. a. Investment Accounted for Using the Equity Method b. Cash c. Share of Income from Associates