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 sale. (20 marks)