On January $1.$ Year$-4,$ A Corp purchased $25\%(25,000$ shares$)$ of the outstanding common shares of B Corp. for $$980,000.$

At the date of acquisition, on $B\text{'}$s books:

$-$Year $4$:

$+$ Net Income: $45,000$

$+$ OCI: $8,000$

$+$ Dividends paid: $18,000$

$+$ Market value of share on December $31$: $45$

$-$ Year $5$:

$+$ Net Income: $89,000$

$+$ OCI: $15,000$

$+$ Dividends paid: $25,000$

$+$ Market value of share on December $31$: $50$

$1.$ Assume that A Corp is a public company, and the number of shares give it significant influence. Prepare all the joumal entries for this investment for Year $4$ and Year$-5.$

$2.$ Assume A Corp is a private company and chooses to use the Cost Method. Prepare all the journal entries for Year$-4$ and Year$-5,$ using the Cost method.

$3.$ Assume A Corp's investment is classified as a strategic investment and uses the FVOCI method. On December $31,$ A sells its shares in B Corp for $$1,500,000.$ Prepare all the journal entries for Year$-4$ and Year $5$ using the FVOCl method.