Bramble Inc. acquired 25% of the outstanding common shares of Gregson Inc. on December 31, 2016. The purchase price was $893,000 for 47,000 shares, and is equal to 25% of Gregsons carrying amount. Gregson declared and paid a $0.85 per share cash dividend on June 15 and again on December 15, 2017. Gregson reported net income of $516,000 for 2017. The fair value of Gregsons shares was $21 per share at December 31, 2017. Bramble is a public company and applies IFRS.

(List of accounts you can use for preparing Journal Entries):

Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Dividends Receivable Dividend Revenue FV-NI Investments FV-OCI Investments Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Impairment Loss on Sale of Investments No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss Unrealized Gain or Loss - OCI

Prepare the journal entries for Bramble for 2016 and 2017, assuming that Bramble can exercise significant influence over Gregson.