2. On January 31, 2021, Port Arthur Ltd. acquired a large percentage of the common shares of arks Fort William Inc. Information about the investment in the Fort William shares follows: $ 525,377 Book value of Fort William's assets on January 31, 2021 Book value of Fort William's liabilities on January 31, 2021 Purchase price of investment: $ 110,329 $ 157,613 $ 85,170 Net income earned by Fort William for the year ended January 31, 2022 Dividends paid by Fort William to all of its common shareholders on November 30, 2021 $ 25,551 Percentage of outstanding common shares purchased by Port Arthur Ltd. in Fort William Inc. 31% Assume that Port Arthur Ltd. applies IFRS, and that this investment gives Port Arthur significant influence over Fort William Inc. Also assume that 75% of the amount paid by Port Arthur in excess of the book value of the investment can be attributed to depreciable assets that have been undervalued. The remaining useful life of these depreciable assets is 6 years. Required: 1. Calculate the portion of the purchase price of the investment that is considered to be goodwill. (3 marks) 2. Prepare any applicable journal entries for Port Arthur's investment in the shares of Fort William on each of the following dates: (a) January 31, 2021 (1 mark) (b) November 30, 2021 (2 marks) January 31, 2022 (4 marks) (c)