On January $1,2023,$ Flounder Corporation, a public company following IFRS, acquired $17,400$ of the $58,000$ outstanding common

shares of Noah Corp. for $$27$ per share. Noah's statement of financial position reported the following information at the date of the

acquisition:

Additional information:

On the acquisition date, the fair value is the same as the carrying amount for the assets that are not subject to depreciation

and for the liabilities.

On the acquisition date, the fair value of the assets that are subject to depreciation is $$957,600.$ These assets had a remaining

useful life of eight years at that time.

Noah reported $2023$ net income of $$94,000$ and paid dividends of $$4,500$ in December $2023.$

Noah's shares are not actively traded on the stock exchange, but Flounder has determined that they have a fair value of $$25$

per share on December $31,2023.$

$($a$)$

Prepare the journal entries for Flounder for $2023,$ assuming that Flounder cannot exercise significant influence over Noah and

accounts for the investment at FV$-$OCl. $($Credit account titles are automatically indented when the amount is entered. Do not indent

manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit