Current Attempt in Progress On January 1, 2020, Blue Spruce Corporation, a public company following IFRS, acquired 15,600 of the 52,000 outstanding common shares of Noah Corp. for $25 per share. Noah's statement of financial position reported the following information at the date of the acquisition: Assets not subject to depreciation $293,400 Assets subject to depreciation 853,800 Liabilities 152,800 Additional information: 1. On the acquisition date, the fair value is the same as the carrying amount for the assets that are not subject to depreciation and for the liabilities. 2. On the acquisition date, the fair value of the assets that are subject to depreciation is $975,800. These assets had a remaining useful life of eight years at that time. 3. Noah reported 2020 net income of $122,000 and paid dividends of $5,900 in December 2020. 4. Noah's shares are not actively traded on the stock exchange, but Blue Spruce has determined that they have a fair value of $24 per share on December 31, 2020. Prepare the journal entries for Blue Spruce Corporation for 2020, assuming that Blue Spruce cannot exercise significant influence over Noah and accounts for the investment at FV-OCI. (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.) Account Titles and Explanation Debit Credit (To record investment purchase) (To record dividend collected) (To record fair value adjustment) ab - 8 (To record fair value adjustment) e Textbook and Media List of Accounts Prepare the journal entries for Blue Spruce Corporation for 2020, assuming that Blue Spruce can exercise significant influence over Noah's operations. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no ent is required, select "No Entry" for the account titles and enter 0 for the amounts.) Credit Debit Account Titles and Explanation (To record investment purchase) qb Account Titles and Explanation Debit Credit (To record investment purchase) (To record dividend collected) (To record investment income) (To record amortization of fair value difference) ab