203 197 198 199 Question 5 (14 marks) 200 201 In early January 2020. Brewers Corp purchased a vineyard in southern Ontario for S 5.5 million cash. This amount 202 included property taxes of S 95,000, of that amount, $ 55,000 were in arrears and the balance is for the current year Based on appraisals, the property's year-end fair values were $ 8.2 million at the end of 2020 and $ 8 million at the 204 end of 2021 205 206 Other information: 207 1. The vineyard qualifies as an investment property, 208 2. Brewers applies the fair value model to all its investment property. 209 210 Instructions 211 Prepare all required journal entries for 2020 (10 marks) and 2021 (4 marks). 212 213