Leonard Corporation acquired 15% of Sheldon Inc.'s common shares on January 1, 2020, by paying $500,000 for 50,000 shares. Sheldon paid a $2.00-per-share cash dividend, which Leonard received on June 30. Sheldon reported profit of $1,250,000 for the year. At December 31, the market price of the Sheldon shares was $15.00 per share. On January 2, 2021, Leonard sold the shares for $16.00 per share. Required (parts a, b, c, d & e): 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 for a particular date please state no entry". No journal entry descriptions are required. a) The purchase of the shares on January 1, 2020. b) The receipt of the $2.00-per-share cash dividend on June 30, 2020. Any entry for a fair value adjustment ($15.00 per share) on December 31st, 2020, the company's year-end. d) Any entry for the reported profit of $1,250,000 for the year. e) The sale of the shares on January 2, 2021 for $16.00 per share