A. Information pertaining to short term investments in 2016 by Walters Corporation follows: Acquired 15% of the 250,000 common shares of Ashley Limited at a total cost of $8 per share on January 25, 2016. On July 1, Ashley declared and paid a cash dividend of $2 per share. On December 31, Ashley's reported net earnings were $654,000 for the year and the market price is at $10 per share. (10 marks)