Culver Inc. acquired 20% of the outstanding common shares of Gregson Inc. on December 31, 2019. The purchase price was $1,183,600 for 53,800 shares, and is equal to 20% of Gregsons carrying amount. Gregson declared and paid a $0.85 per share cash dividend on June 15 and again on December 15, 2020. Gregson reported net income of $481,000 for 2020. The fair value of Gregsons shares was $25 per share at December 31, 2020. Culver is a public company and applies IFRS.

Prepare the journal entries for Culver for 2019 and 2020, assuming that Culver cannot exercise significant influence over Gregson. The investment is accounted for using the FV-OCI model. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Dec. 31, 2019Dec. 15, 2020Jun. 15, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Dec. 15, 2020Dec. 31, 2019Jun. 15, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Dec. 15, 2020Jun. 15, 2020Dec. 31, 2019	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Dec. 31, 2019Dec. 15, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount

Prepare the journal entries for Culver for 2019 and 2020, assuming that Culver can exercise significant influence over Gregson. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date Dec. 15, 2020Jun. 15, 2020Dec. 31, 2020Dec. 31, 2019	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jun. 15, 2020Dec. 31, 2020Dec. 31, 2019Dec. 15, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Dec. 31, 2020Jun. 15, 2020Dec. 31, 2019Dec. 15, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Dec. 15, 2020Jun. 15, 2020Dec. 31, 2019Dec. 31, 2020	enter an account title to record investment income	enter a debit amount	enter a credit amount
	enter an account title to record investment income	enter a debit amount	enter a credit amount
	(To record investment income)