Suppose that on January 6, 2018, Sunnyside Merlors paid $490,000,000 for its 25% investment in Phase Motors Sunnyside assignant interceiver Phase the purch of $60,000,000 and paid cash dividends of $10,000,000 to all outstanding stockholders during 2018. Asume alcutting as voting och Read the requirements Requirement 1. What method should Sunnyside Motorn use to account for the investment in Phone Motors > Outres your matching Sunnyside Motors should use the method to count for its investment in Phase Motors because event 1. What method should Sunnyside Motors use to account for the investment in Phase Motors? Give your reasoning. 2. Journalize all required 2018 transactions related to Sunnyside Motors's Phase investment. Include an explanation for each entry. 3. Post all 2018 transactions to the investment T-account. What is its balance after all the transactions are posted? How would this balance be classified on the balance sheet dated December 31, 2018