On January 1, 2020, Melbourne Corporation, a public company following IFRS, acquired 15,000 of the 50,000 outstanding common shares of Noah Corp. for $25 per share. Noahs statement of financial position reported the following information at the date of the acquisition:

Assets not subject to depreciation		$290,000
Assets subject to depreciation		860,000
Liabilities		150,000

Additional information:

1.		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.
2.		On the acquisition date, the fair value of the assets that are subject to depreciation is $960,000. These assets had a remaining useful life of eight years at that time.
3.		Noah reported 2020 net income of $100,000 and paid dividends of $5,000 in December 2020.
4.		Noahs shares are not actively traded on the stock exchange, but Melbourne has determined that they have a fair value of $24 per share on December 31, 2020.

Prepare the journal entries for Melbourne Corporation for 2020, assuming that Melbourne cannot exercise significant influence over Noah and accounts for the investment at FV-OCI. (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.)

Account Titles and Explanation	Debit	Credit
(To record investment purchase)
(To record dividend collected)
(To record fair value adjustment)

Prepare the journal entries for Melbourne Corporation for 2020, assuming that Melbourne can exercise significant influence over Noahs operations. (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.)

Account Titles and Explanation	Debit	Credit
(To record investment purchase)
(To record dividend collected)
(To record investment income)
(To record amortization of fair value difference)

Prepare the 2020 journal entries if Melbourne Corporation were a private company applying ASPE. (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.) Investment Accounted For Using Cost Model:

Account Titles and Explanation	Debit	Credit
(To record investment purchase)
(To record dividend collected)