JunoCo Direct acquired 25% of Thistle Limited for $ 600,000 on January 1, 2021. JunoCo will apply the equity method to account for the investment as they can exercise significant influence over Thistle Limited. During 2021, Thistle Limited earned $ 300,000 and paid dividends of $ 100,000. Required: (Do not use commas) a) Prepare the journal entries required to record the acquisition, and the transactions during 2021. Record Acquisition Record Income from Associate Record Income from Associate Record Dividends b) Determine the carrying value of the investment in Thistle Limited as at December 31, 2021. Investment in Associate at Dec. 31, 2021 =