Question 1 (9 points) On January 1, 2020, DD Company acquired 60,000 shares of PP Limited at $5 per share, representing 1% of PP's outstanding voting shares. On July 31, 2020, PP declared and paid a dividend of $1 per share. PP's net income for 2020 was $2,800,000. On December 31, 2020, the shares of PP were trading on the Toronto Stock Exchange at $16 per share. On January 15, 2021 all of the shares were sold for $18 per share. Required: Provide the journal entries on CC's books relating to its investment in PP for 2020 and 2021, assuming that DD classifies PP as Fair Value Net Income (FVNI or FVPL). Paragraph v B I U