On January 1, Poitras Lte, a public company purchases 20% of Pronghorn Corporations common shares for $251.000 for strategic purposes. For the year ended December 31. Pronhorn reports profit of $216,000 and pays a $15.000 cash dividend. The fair value of Poitras's investment in Prochor at December 31 is $271.000 Prepare journal entries required assuming Poitras has significant influence over Pronghorn. 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 accountities and enter for the amounts) Date Account Titles and Explanation Debit (To record investment in associate) (To record investment income) (Collection of dividend) Cash No Entry Other Comprehensive Income-Gain on Fair Value Adjustment Dividend Revenue Investments at FVTPL Income from Investment in Associate Investment in Associate