A) Molson Canada Ltd. Purchases a 40% investment or 1,000 shares in Back 40 Distillery Inc. for $1,000,000 cash on January 2, 2019. They intend to hold this investment for at least five years. B) On December 31, 2019 Back 40 Distillery reports net income of $420,000 for the year. C) On March 31, 2020 Back 40 Distillery declares and pays a cash dividend of $30 per share. D) On November 1, 2020 Molson sells 220 shares of Back 40 Distillery to Big Rock Brewery for $1,250 per share. Required: 1 What type of investment is this and how should it be classified on the balance sheet? Marks Available: 2 2 Create the necessary journal entries to record all of the above transactions, no descriptions are required. Marks Available: 6