On January 1, 2023, Sarasota Corporation, a public company following IFRS, acquired 17,100 of the 57,000 outstanding common shares of Noah Corp. for $26 per share. Noah's statement of financial position reported the following information at the date of the acquisition: 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 $969,300. These assets had a remaining useful life of eight years at that time. 3. Noah reported 2023 net income of $112,000 and paid dividends of $5,400 in December 2023 . 4. Noah's shares are not actively traded on the stock exchange, but Sarasota has determined that they have a fair value of $25 per share on December 31, 2023. Prepare the journal entries for Sarasota for 2023, assuming that Sarasota can exercise significant influence over Noah's 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. List all debit entries before credit entries.) On January 1, 2023, Sarasota Corporation, a public company following IFRS, acquired 17,100 of the 57,000 outstanding common shares of Noah Corp. for $26 per share. Noah's statement of financial position reported the following information at the date of the acquisition: 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 $969,300. These assets had a remaining useful life of eight years at that time. 3. Noah reported 2023 net income of $112,000 and paid dividends of $5,400 in December 2023 . 4. Noah's shares are not actively traded on the stock exchange, but Sarasota has determined that they have a fair value of $25 per share on December 31, 2023. Prepare the journal entries for Sarasota for 2023, assuming that Sarasota can exercise significant influence over Noah's 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. List all debit entries before credit entries.)