E9.24 (LO 4, 6, 8) (Fair Value-OCI and Equity Method Compared) Harnish Inc. acquired 25% of the outstanding common shares of G 2022. The purchase price was $1,250,000 for 62,500 shares and is equal to 25% of Gregson's carrying amount. Gregson declared and paid a $0 June 15 and again on December 15, 2023. Gregson reported net income of $520,000 for 2023. The fair value of Gregson's shares was $21 per s Harnish is a public company and applies IFRS. Instructions a. Prepare the journal entries for Harnish for 2022 and 2023, assuming that Harnish cannot exercise significant influence over Gregson. The using the FV-OCI model. b. Prepare the journal entries for Harnish for 2022 and 2023, assuming that Harnish can exercise significant influence over Gregson. c. What amount is reported for the investment in Gregson shares on the December 31, 2023 statement of financial position under each of the and where is the investment reported on this statement? d. What amount is reported on Harnish's statement of comprehensive income in 2023 under each of these methods, and where are the amo F025002 5 6) Jong-Term Equity Investments. Equity Method, and Impairment) On January 1, 2023, Rae Corporation purch