Do al parts, thank you so much!

Aden Corp. decided to purchase 35% of the outstanding shares of Riverside Ltd. Aden's CFO conducted an extensive evaluation of the financial statements of Riverside and reported his findings to the board of directors in the following memo: Dear Board of Directors, Following your request, I conducted a detailed analysis of Riverside Ltd. I found out that the liabilities reported in its books at December 31, 2016 in the amount of $20M fairly represent their economic values. As for the assets, their book value is $45M. The company owns an office building in downtown Toronto w here its headquarters are located. The net book value of this building, including the land, is $10M. Riverside purchased the land for $6M some 20 years ago and then constructed the building. I consulted with real estate experts and currently the fair value of the land is $9M and the fair value of the building is $8M. The remaining useful life of the building in Riverside's books is 20 years and I find this estimate realistic. The firm has developed a patent. According to my analysis, the fair value of the patent is $12M. Given future advances in technology, I expect the value of the patent to decline and become worthless 6 years from now. The patent was developed by the company and all the related costs were recorded as research and development expenses. Sincerely, Tim McKay, CA The board of directors of Aden Corp. adopted the report by Mr. McKay and on January' 1, 2017 purchased 35% of the shares of Riverside, based on its fair value according to Mr. McKay's analysis. After the acquisition of the shares, Aden was able to exercise significant influence over Riverside. In 2017, Riverside reported net income of $10M and distributed 40% of it as cash dividends. In 2018, the earnings of Riverside doubled compared with 2017. Riverside distributed 60% of its income as cash dividends. On December 31, 2018, Aden sold its investment in Riverside Ltd. for $20M. Required: Assuming Aden accounts for this investment using the method required under IFRS, Record the initial purchase by Aden Corp. Record the entries related to the investment in Riverside Ltd. for 2017. Record the entries related to the investment in Riverside Ltd. for 2018