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On March 3 1 of Year 1 , Larch Corp. acquired 1 0 , 0 0 0 shares of Cedar Ltd . for $ 4

On March 31 of Year 1, Larch Corp. acquired 10,000 shares of Cedar Ltd. for $40 per share. On June 30 of Year 1, Larch Corp. received a dividend of $0.50 per share. Larch Corp. accounts for receipt of dividends separately from other investment income. On December 31 of Year 1, the shares were available on the stock market for $37.60. On April 15 of Year 2, Larch Corp. sold the shares for $38.10 per share. Larch Corp. follows IFRS and uses the FVNI model for this investment.
Required
Prepare all the journal entries related to the investment from acquisition to saleOn March 31 of Year 1, Larch Corp. acquired 10,000 shares of Cedar Ltd. for $40 per share. On June 30 of Year 1, Larch Corp. received a dividend of $0.50 per share. Larch Corp. accounts for receipt of dividends separately from other investment income. On December 31 of Year 1, the shares were available on the stock market for $37.60. On April 15 of Year 2, Larch Corp. sold the shares for $38.10 per share. Larch Corp. follows IFRS and uses the FVNI model for this investment.
Required
Prepare all the journal entries related to the investment from acquisition to sale)

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