On April 1, 2020, Jenson Ltd. acquired 2,500 shares of Lam Corp. for $50,000. This investment represents a 18% interest in Lam Corp. Jenson Ltd. has classified this investment as FVTOCI. On October 31, 2020, Lam Corp. paid a $42,000 dividend to its shareholders. At March 31, 2021 Lam Corp.'s shares were valued at $15 per share and Lam Corp. reported net income of $145,000 for the year. On May 15, 2021, Jenson Ltd. sold the shares for $75,000. Both Jenson Ltd. and Lam Corp. have March 31, 2021 year-ends.

Required:

Prepare dated journal entries for the investment on the acquiring company's books from acquisition to disposal. Ignore income taxes. Journal entry descriptions are optional