The Company, which began operations this year, had the following transactions and events in its long-term investments. January 15 --Purchased 45,000 shares of AB Company common stock for $1,665,000. January 20-AB Company declared and paid a cash dividend of $3.40 per share. January 31 -AB Comp et income for the year is $1,189,000, and the fair value of its stock at December 31 is $44 per s A - Complete the journal entries for the shares of AB company assuming significant influence. (assume 25% ownership) B-Complete the journal entries for the shares of AB company assuming insignificant influence. B