Oriole Inc acquired 108,000 common shares, which is 25% of the outstanding common shares of Tahiti Ltd. on January 1, 2020 for $637200. At the time of purchase. Tahiti Ltd depreciable assets were undervalued by S35.840. The depreciable assets had a remaining useful life of 5 years with no salvage value. Tahiti Ltd. dedared and paid a cash dividend of $0.35 pershare on July 31. 2020. Tahiti Ltd. reported $13 million as net income on December 31 2020 for the year ending on this date Assume that Oriole Inc is in a position to exercise significant influence over Tahiti Ltd, and that Oriole follows IFRS. Prepare all the journal entries for 2020 in the books of Oriole Inc relating to above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit > (To record investment income) (To record amortization of fair value difference) Calculate the balance in Oriole's 'Investment in Tahiti: account at December 3112029. Investment in Tahiti $ List of Accounts Accumulated Other Comprehensive Income Allowance for Investment Impairment Bond Investment at Amortized Cost Cash Dividend Receivable Dividend Revenue FV-NI Investments FV-OCI Investments Gain on Sale of Investments GST Receivable Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associate Investment Income or Loss Loss on Discontinued Operations Loss on Impairment Loss on Sale of Investments No Entry Note Investment at Amortized Cost Other Investments Recovery of Loss from Impairment Retained Earnings Unrealized Gain or Loss - OCI