Leonard Corporation acquired 10% of Sheldon Inc.'s common shares on January 1, 2020, by paying $20,000 for 10,000 shares. Sheldon paid a $0.10-per-share cash dividend which Leonard received on June 30. Sheldon reported profit of $60,000 for the year. At December 31, the market price of the Sheldon shares was $2.50 per share Prepare the required journal entries to record the above transactions and events, using the fair value through profit or loss (FVTPL) model, including any year-end adjustments. Round all values to the nearest dollar. If no entry is required please choose "no entry" as the account(s) and set the amount to zero. No journal entry description is required. The purchase of the shares on January 1, 2020: Dr. Cr. The receipt of the $0.10 per share dividend on June 30, 2020: Dr. Cr. + Any entry for a fair value adjustment ($2.50 per share) on December 31st, 2020, the company's year-end. Dr. Cr. Any entry for the reported profit of $60,000 for the year. Dr. Cr