Please help me with this question with a detailed answer. Thank you very much. Assume the background of this case is under IFRS and Canadian ASPE if needed.

On January 1, 2020, Perkins Corp acquired 25,000 shares (25% of the outstanding shares) of Sackvilles Inc. at a price of $9.00 per share, giving it signicant inuence over Sackvilles. Sackvilles had net income of $225,000 for the year ended December 31, 2020 and declared and paid dividends of $80,000 to its shareholders on December 31, 2020. On the date of acquisition, Sackvilles' net book value was $800,000 and there was no difference between the fair value and book value of Sackvilles' identiable net assets. 1. Assuming that there was no impairment of any goodwill relating to the acquisition of Sackvilles' shares during 2020, what would be the balance in Perkins Corp's investment in Sackvilles' account as of December 31, 2020? (FVE method) (2 marks) 2. Ignore your answer above and assume that on December 31, 2020 a test for impairment of goodwill relating to the acquisition of Sackvilles' shares indicated that goodwill was impaired by 40%. What would be the amount of investment income recorded by Perkins Corp. relating to its investment in Sackvilles for the year ended December 31, 2020? (2 marks) 3. Platts and Surrey Inc. were combined in a purchase transaction. Platts was able to acquire Surrey at a bargain price. The purchase price was less than the sum of the fair values of identiable assets acquired less the fair value of liabilities assumed. How should this difference between the purchase price and the fair value of the net identiable assets be accounted for? (1 mark) 4. What is a reverse takeover? Give two reasons why an investor would enter into such a transaction. Explain