[The following information applies to the questions displayed below] Recall that Great Adventures originally was financed with $11,500 in equity financing from Tony (common stock). $11,500 in equity financing from Suzie (common stock), and $36,000 in debt financing (bank loan). This financing structure means that Tony and Suzie each own 50% of the company and is commonly referred to as a " 5050 joint venture." The equity method of accounting is used to account for 5050 joint ventures. In Chapter 3, we accounted for the equity contributions from Tony and Suzle from the perspective of Great Adventures (see RWP3-9). We'll now consider this investment from the perspective of Suzle, one of the Great Adventures investors. The following transactions occurred during 2024 and relate to Suzie's investment in Great Adventures: July 1 December 31 December 31 December 31 Suzie buys $11,500 in Great Adventures common stock. Suzie receives a $2,300 dividend from Great Adventures Great Adventures reports net income of $37,600. Suzie estimates that the fair value of her investment in Great Adventures is $19,800. Required: 1. Assume Suzie accounts for her investment in Great Adventures using the equity method. (a) Record Suzie's investment in Great Adventures on July 1. (b) Record the receipt of dividends from Great Adventures on December 31 using the equity method. (c) Record Suzie's share of Great Adventures 2024 net income using the equity method. (d) Record the adjusting entry for the fair value on December 31. (e) Determine the ending balance in Suzie's Investment account related to Great Adventures. Complete this question by entering your answers in the tabs below. 2. Now assume Suzie could not exercise significant influence over Great Adventures and would thus use the fair value method to account for her investment. (a) Record Suzie's investment in Great Adventures on July 1. (b) Record the receipt of dividends from Great Adventures on December 31 using the fair value method. (c) Record Suzie's share of Great Adventures 2024 net income using the fair value method. (d) Record the adjusting entry for the fair value on December 31 (assume Suzle classifles the investment as available-for-sale securities). (e) Determine the ending balance in Suzie's Investment account related to Great Adventures. Complete this question by entering your answers in the tabs below. Record Suzie's investment in Great Adventures on July 1. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field