Culver Corporation purchased a 25% interest in Krov Corporation on January 2, 2020, for $800. At that time, the carrying amount of Krov's net assets was $3,000. Any excess of the cost of the investment over Culver's share of Krov's carrying amount can be attributed to unrecorded intangibles with a useful life of 20 years. Krov declared and paid a dividend of $17 and reported net income of $50 for its year ended December 31, 2020. Prepare Culver's 2020 entries to record all transactions and events related to the investment in its associate. Assume that Culver is a publicly accountable enterprise that applies IFRS. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit January 2 Investment in Associate Cash (To record investment purchase) January 2 (To record collection of dividend) December 31 (To record investment income) December 31 (To record amortization of fair value difference)