Change from the fair value method to the equity method Assume an investor company acquires for 5300,000 an 10% inventment in the common stock of an investee compary on february 15,2021 . The investor determined the common stock of the investee harr a readiy determinable fair value. On December 31,2021 , the fair value of the 10 comimon stock investment is s320000, and the investor compary made made all of the appropelate adjusiments in preparation of the annual financial statements. On March 1,2022, the investar campary acquires an additional 15\% of commen stock of the investee for 3600,000 , thereby increacing the investors s overall ownership interest to 25%. Required a. Prepare the journal enthes the investor company should record on March 1,2022. Note: If a journal entry is niot required, select "Not applicoble" as your answers for the drop down options and leave the Debit and Credit answers biank frerol. b. For this puestion only, arsume instead that the investor determined, on February 15. 2021, that the common stock of the investee does not have a readily deteriniatie tair value. Ia Picpare the journal entries the investoe compary should record on March 1,2022. Noge if a pumal eneryin not regured, select "Wot applicable" as your answers for the drop-down options and leave the Debit and Credit answers blank (irerok c. for this questan only, assurne instead that the irvestor decermined, on februafy 15, 2021, that the comrnon stock of the investee does not have a readily duterminable fair value, in addition the investor compary determined that the additional 15% common stock purchase on March 1.2022 does not qualify as an observable price change in arderly transiction. Prepare the journal entries the irvestor company should record on March 1, 2022. Note: if a journal entry is not required, select "Wat applicable" as your answers for the drop-down options and leave the Debit and Credit answers blank (2ero)