On January 3, 2020, Bridgeport Limited purchased 3,600 (36%) of the common shares of Sonja Corp.for $516,240. The following information is provided about the identifiable assets and liabilities of Sonja at the date of acquisition: Assets not subject to depreciation Assets subject to depreciation (10 years remaining) Total identifiable assets Liabilities Carrying Amount $507,000 792,000 1,299,000 90,000 Fair Value $507,000 892,000 1,399,000 90,000 During 2020, Sonja reported the following information on its statement of comprehensive income: Income before discontinued operations Discontinued operations (net of tax) Net income and comprehensive income Dividends declared and paid by Sonja November 15, 2020 $235,000 (71,500) 163,500 77,000 Assume that the 36% interest is enough to make Sonja an associate of Bridgeport, and that Bridgeport is required to apply IFRS for its financial reporting. The fair value of Sonja's shares at December 31, 2020, is $149 per share. Prepare the journal entry to record Bridgeport's purchase of the Sonja shares on January 3, 2020. (Hint: Any unexplained payment represents unrecognized goodwill of Sonja.) (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 for the amounts.) Debit Credit Account Titles and Explanation Date Jan. 3, 2020 Preparat necessary anal entries asociated with destinument in Senator 2000. Deprem depreciated on a straight-line bank. Dieseauty when the way. If the entry for the after the Account Thies and explanation Debat (Torecard dividends collected To record investment income or loss) florecord amortization of tair value difference Prepare the journal entry if you were informed that Bridgeport's long-term business prespects the deteriorated and thus the most Bridgeport could expect to recover in the future or to sell its investment in Sonja for at December 31, 2020, 151161 share. ( Cutites automaty Indented when the amount. Do not inden mally. If not select "No Entry for the aunt titles and enter for the amounts. Credo Det Account Titles and Explanation Date Dec 31. 2020