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Brief Exercise 9-26 Bridgeport Corp. is facing a decision as to whether to purchase 40% of Kyla Corp.'s shares for $1.20 million cash, giving Bridgeport significant influence over the investee company, or 60% of Kyla's shares for $1.80 million cash, making Kyla a subsidiary company. The book value of Kyla's net assets is $3.00 million (assets are $20 million and liabilities are $17.00 million). How will this investment affect Bridgeport's statement of financial position if Bridgeport acquires a 40% interest, assuming Bridgeport applies IFRS? Indicate the immediate effect on Bridgeport's total assets, total liabilities, and shareholders' equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter o for amounts and no effect for effects. If an amount reduces the account balance then enter with negative sign.) Assets Llabilities Shareholders' equity $ $ million $1 million million $ million $1 million million million $ million million LINK TO TEXT LINK TO TEXT How will this investment affect Bridgeport's statement of financial position if Bridgeport acquires a 60% Interest, assuming Bridgeport applies IFRS? Indicate the immediate effect on Bridgeport's total assets, total liabilities, and shareholders' equity. (Enter answers in millions to 2 decimal places, e.g. 1.25. Do not leave any answer field blank. Enter o for amounts.) Assets Liabilities Shareholders' equity Invest in Associate million . million million Cash LANCI million million million million million million