Stro Appendix CID Homework i Required information Exercise D-8 Compare the fair value method to the equity method (LO D-2, D-3) The following information applies to the questions displayed below). As a long term investment. Fale Company purchased 20% of Mdin Companys 290.000 shares for $348.000 at the beginning of the reporting year of both companies. During the year, Midlin earned net income of $134,000 and distributed Punto cash dividends of $0.30 per share. Ar year-end, the fair value of the shares is $362,500. 7 625 polis Exercise D-8 Part 1 Required: 1. Assume no significant influence was acquired. Record the transactions from the purchase through the end of the year including any adjustment for the investment's for value, propriate if no entry is required for a particular transactiovevent, select "No Journal Entry Required in the first account field) View traction Journal entry worksheet > Record the purchase of common stock D chat View View transaction lit Journal entry worksheet 3 4 record the share the income escore Guneral de Den Recently Charm View transaction list Journal entry worksheet