Pina Inc acquired 134,000 common shares, which is 25% of the outstanding common shares of Tahiti Ltd. on January 1, 2020 for $837,500. At the time of purchase, Tahiti Ltd. depreciable assets were undervalued by $30,000. The depreciable assets had a remaining useful life of 5 years with no salvage value. Tahiti Ltd. declared and paid a cash dividend of $0.30 per share on July 31, 2020. Tahiti Ltd. reported $1.3 million as net income on December 31, 2020 for the year ending on this date. Assume that Pina Inc. is in a position to exercise significant influence over Tahiti Ltd, and that Pina follows IFRS. Prepare all the journal entries for 2020 in the books of Pina 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 FV-OCI Investments 837500 Cash 837500 Jul. 31 Cash 40200 Dividend Revenue 40200 Dec. 31 FV-OCl Investments 325000 Investment Income or Loss 325000 (To record investment income) Investment Income or Loss 6000 FV-OCI Investments 6000 (To record amortization of fair value difference) Calculate the balance in Pina's "Investment in Tahiti: account at December 31, 2020." Investment in Tahiti $ 1116300 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 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