PROBLEM ONE COST/FAIR AND EQUITY METHOD-30-PTS Poll Corporation purchases a 15% interest in Shall Corporation. on January 1, 2020, for $150,000. At that date, Shal's stockholders' equity included $200,000 of $10 par value common stock, $300,000 of additional paid in capital, and $500,000 retained earnings. The companies began to work together and realized improved sales by both parties. On January 1, 2021, Poll paid $250,000 for an additional 35% interest in Shall Corp. Both of Poll's investments were made when Shal's book values equaled thir fair values. Shal's net income and dividends for 2020 and 2021 were as follows: March 1, 2020:Dividend 2020 December 31, 2020: Net Income 2020 July 1. 2021: Dividend 2021 December 31, 2020: Net Income 2021 $20,000 $220,000 $30,000 $440,000 Using Working Paper for 1. Present the analysis and calculation of net income and dividends of Shall Corporation for Poll corporation in both years. 2. Prepare journal entries for Poll Corporation to accounts for its investment in Shall Corporation for 2020 and 2021. 3. Calculate the balance of Poll' Investment in Shall Corporation at December 31, 2021.