Steering Services Ltd. acquired 30% of the common shares of Bella Roma Ltd. on January 1, 2018, by paying $3.970,000 for 220,000 shares. Bella Roma declared a $0.50-per-share cash dividend in each quarter that was received on March 15, June 15, September 15, and December 15. Bella Roma reported net income of $2,390,000 for the year. At December 31, the market price of the Bella Roma shares was $17 per share. Prepare the journal entries for Steering Services for 2018, assuming Steering cannot exercise significant influence over Bella Roma and uses the fair value through profit or loss model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Prepare the journal entries for Steering Services for 2018, assuming Steering can exercise significant influence over Bella Roma and uses the equity method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Prepare the journal entries for Steering Services for 2018, assuming that the company reports under ASPE and has chosen to account for its investment using the cost model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit For parts (2). (b), and (d). calculate the ending balance in each account affected by this investment. You may omit the Cash account. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-45 or parentheses eg. (45).) No Significant Influence Significant Influence Cost Model Statement of Financial Position: $ $ $ $ $ $ Income Statement: $ $