Energy Direct Corp. acquired 32% of Edmonton Limited for $2,000,000 on January 1, 2020. During 2020, Edmonton Limited earned $480,000 and paid dividends of $225,000. Energy Direct Corp. has significant influence over Edmonton Limited and must apply the Equity Method of accounting for this investment. Instructions: a. Prepare the journal entries required to record the acquisition of Edmonton Limited, and the transactions during 2020 b. Determine the carrying value of the investment in Edmonton Limited on Energy Direct Corp.'s balance sheet as at December 31, 2020 SC Paragraph BIU