Apply the Proportionate Consideration Method and the Equity Method to the following scenarios.Example $1$: ABC Company and XYZ Company Joint Venture:ABC and XYZ enter into a joint venture to develop a new oil field. Each company owns a $50\%$ interest in the joint venture. The joint venture acquires $$4$ million of assets and ears $$1$ million in revenue.Example $2$: Real Estate Development Joint Venture:Suppose Company A and Company B form a joint venture to develop a commercial real estate project. Company A owns a $60\%$ interest, and Company B owns a $40\%$ interest in the joint venture. The joint venture takes out a loan of $$10$ million for the project.Example $3$: Manufacturing Joint Venture:Company X and Company Y form a joint venture to manufacture a new product.Each company owns a $50\%$ interest in the joint venture. The joint venture incurs $$500,000$ in production costs.Example $4$: Investment in Subsidiary:Company A purchases a $30\%$ ownership stale in Company B$,$ a subsidiary, for $$1$ million. Company B earns a net income of $$500,000$ during the year and distributes $$200,000$ in dividends.Example $5$: Joint Venture:Company X and Company Y form a joint venture, with each company holding a $50\%\%$ ownership stake. The joint venture eams a net income of $$1$ million during the year.Example $6$: Investment in Associates:Company P purchases a $40\%$ ownership stake in Company Q$,$ an associate, for $$2$ million. Company Q earns a net income of $$800,000$ during the year and does not distribute any dividends.Example $7$: Investment in Affiliated Companies:Company M owns a $25\%$ stake in Company N$,$ an affiliated company. Company N earns a net income of $$600,000$ during the year and distributes $$150,000$ in dividends.