BSE $3120$ Intermediate Accounting II Group Homework Problem On January $1,2023,$ Winnie Corporation purchased $20\backslash \%(5,000$ shares$)$ of the outstanding stock of Naomi Corporation for $\backslash (\backslash$$ $100,000\backslash ).$ At the end of $2023,$ Naomi Corporation's stock had a fair market value of $\backslash (\backslash$$ $24\backslash )$ per share and at the end of $2024,$ the stock had a fair market value of $\backslash (\backslash$$ $22\backslash )$ per share. During $2023,$ Naomi Corporation paid dividends of $\backslash (\backslash$$ $3\mathrm{.}00\backslash )$ per share and earned $\backslash (\backslash$$ $60,000\backslash )$ in net income. a$.$ Prepare the journal entries that Winnie would make during $2024$ assuming that they do NOT have significant influence over Naomi as a result of their stock ownership $($i$.$e$.$ fair value method$).$ b$.$ Prepare the journal entries that Winnie would make during $2024$ assuming that they do have significant influence over Naomi as a result of their stock ownership $($i$.$e$.$ equity method$).$