Suppose that on January 6, 2024, Southeast Motors paid $220,000,000 for its 35% imvestment in Coach Motors. Southeast has significant influence over Coach after the purchase. Assume Coach earned net income of $30,000,000 and paid cash dividends of $55,000,000 to all outstanding stockholders during 2024. (Assume all outstanding stock is voting stock.) Requirement 1. What method should Southeast Motors use to account for the investment in Coach Motors? Give your reasoning. Southeast Motors should use the method to account for its investment in Coach Motars because the investment Requirement 2. Journalize al required 2024 transactions related to Southeast Motors's Coach imvestment. Include an explanation for each entry. (Record debits firat, then credits. Select the explanation on the last tine of the journal entry table. If no entry is required, select "No entry requred" on the first line of Ehe Accounts and Explanation column and leave the remaining cels blank.) Southeast Motors paid $220,000,000 for its 35% investment in Coach Motors