Simca Auto Manufacturing acquired a 30% interest in the outstanding stock of Wisconsin Engines, Inc. on December 31 , 2021. The purchase price was $3,100,000 and amounted to 100,000 shares. During 2022, Wisconsin Engines paid just one dividend on June 30th of $1.65 per share. For the year ending December 31, 2022, Wisconsin Engines reported net income of $2,780,600. Its stock price December 31,2022 was $38 per share. Required Prepare all journal entries required by Simca Auto Manufacturing for the time period starting with December 31, 2021 and through the next year ending December 31, 2022 under situation a. and b. below: a. Cannot exercise significant control, and the securities are reported as "available for sale". b. Can exercise significant control. c. Under each of the methods used to account for the investment in Wisconsin Engines under a. and b. above, what would be the amount reported on Simca Auto Manufacturing's Balance Sheet related to the investment at December 31, 2022? In addition, what would be the total income reported on their Income Statement for the year ended December 31, 2022? Balance Sheet: Amount to be Reported as of December 31, 2022 a. Cannot Exercise Significant Control b. Can Exercise Significant Control Income Statement: Total Income to be Reported for Year Ending December 31, 2022 a. Cannot Exercise Significant Control b. Can Exercise Significant Control