Baskin purchased 24,000 common shares (20%) of Robbin on January 1, Year 5, for $290,000 and classified the investment as FVTPL. Robbin reported net income of $100,000 in Year 5 and $105,000 in Year 6, and paid dividends of $55,000 in each year. Robbin's shares were trading at $14 per share on December 31, Year 5, and January 1, Year 6. On January 1, Year 6, Baskin obtained significant influence over the operating, investing, and financing decisions of Robbin when the controlling shareholder sold some shares in the open market and lost control over Robbin. Accordingly, the investment in Robbin was reclassified to an investment in associate. On December 31, Year 6, Baskin sold its investment in Robbin for $15 per share. Required: Prepare all journal entries for Years 5 and 6 related to Baskin's investment in Robbin. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Debit Credit Date January 1, Year 5 General Journal (Click to select) (Click to select) Record purchase of 20% common shares of Robin. December 31, Year 5 (Click to select) (Click to select) Record dividend revenue declared and paid for Baskins Investment. December 31, Year 5 (Click to select) (Click to select) Record the revaluation of Investment. Journal entry worksheet 1 2. 3 > Record share of Robin's income. Note: Enter debits before credits. Account Title Debit Credit Date December 31, Year 6 Record entry Clear entry View general journal Journal entry worksheet Record Baskin's share of dividends declared by Robbin. Note: Enter debits before credits. Date Account Title Debit Credit December 31, Year 6 Record entry Clear entry View general journal Journal entry worksheet 1 2 2 N 3 > Record sale of investment in Robbin. Note: Enter debits before credits. Date Account Title Debit Credit December 31, Year 6 Record entry Clear entry View general journal