Station Land Manufacturing acquired a 30% interest in the outstanding stock of Performer Fiberglass Industries on December 31, 2018. The purchase price was $3,100,000 and amounted to 100,000 shares. During 2019, Performer Industries paid just one dividend on June 30th of $1.65 per share. For yearend December 31, 2019, Performwer Industries reported net income of $2,780,600. Its stock price on December 31, 2019 was $38 per share. Required Prepare all journal entries required by Station Land Manufacturing for the time period starting with December 31, 2018 and through the next year ending December 31, 2019. a. Assuming they cannot exercise significant control, and the securities are reported as available for sale__

a. Assuming they 'cannot' exercise significant control, and the securities are reported as "available for sale"

b. Assuming they can exercise significant control.