Following is a list of investments owned by Sage Ltd., as of the company's year-end, December 31, 2020: No. Fair Investment Shares Cost Value HFX Corporation 1,400 $7.95 $7.10 FDY Ltd. 3,200 7.30 7.31 CTN Corporation 3,900 6.47 7.21 On January 15, 2021, Sage sold the shares in CTN Corporation for $7.31 per share. Prepare the journal entries required to record the sale, assuming the company uses the fair value through other comprehensive income without recycling method. (Credit accountitle automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the accountities and enter for the amour Date Account Titles and Explanation Debit Credit Jan 15, 2021 FV-OCI Investments Unrealized Gain or loss (To record adjustment to current fair value) Cash FV-OCI Investments (To record the sale of shares) Unrealized Gain or Loss Retained Earnings (To record reclassification adjustment (without recyding)) Sandhill Inc acquired 108,000 common shares, which is 25% of the outstanding common shares of Tahi Ltd. on January 1, 2020 for $637,200. At the time of purchase. Tahiti Lad depreciate assets were undervalued by $35,840. The depreciable assets had a remaining useful life of 5 years with no salvage value. Tahiti Ltd declared and paid a cash dividend of $0.35 per share on July 1. 2020. Tahiti Ltd. reported $1.3 million as net income on December 31, 2020 for the year ending on this date. Assume that Sandhill Inc. is in a position to exercise significant Wuence over Taid and that Sandhill follows IFRS Papare all the journal entries for 2020 in the books of Sandhill Inc. relating to above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Ir no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debt Credit v (To record investment income) (To record amortization of fair value difference) Calculate the balance in Sandhil's Investment in Tahit account at December 31, 2020." Investment in Tahiti