The summarized statements of financial position of Ramiro Company and Diandra Company as of December 31, 2020 are as follows: Ramiro Company Statement of Financial Position December 31, 2020 Assets 1,200,000 Liabilities Share capitalordinary Retained earnings Total equities 150,000 600,000 450,000 1,200,000 Diandra Company Statement of Financial Position December 31, 2020 Assets 900,000 Liabilities Share capitalordinary Retained earnings Total equities 225,000 555,000 120,000 900,000 Instruction: Prepare all journal entries if: 1. If Ramiro Company acquired a 20% interest in Diandra Company on December 31, 2020 for 135,000 and during 2021 Diandra Company had net income of $75,000 and paid a cash dividend of 30,000, applying the fair value method for the investment were used. 2. If Ramiro Company acquired a 30% interest in Diandra Company on December 31, 2020 for and during 2021 Diandra Company had net income of $75,000 and paid a cash dividend of 30,000, applying the equity method of accounting for the investment were used