2. Fair Value Recognition Alsancak purchased 30% ownership of Konak on January 1, 20X0, for $200,000. Konak reported 20X0 net income of $150.000 and paid dividends of $48.000. At December 31, 20X0, Alsancak determined the fair value of its investments in Konak to be $214.000. Required Give all journal entries recorded by Alsancak with respect to its investment in Konak in 20X0 assuming it uses a) The equity method b) The fair value method