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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.
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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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