Question 1 On January 1, 2021, Icebreaker Co. purchased 40,000 shares of PFI Company common stock for $400,000, giving Icebreaker 25% ownership and the ability to apply significant influence oV PFI. On that date, the book value of PFI was $975,000. A building with a carrying value of $190,000 was worth $260,000. The building had a remaining life of 10 years. PFI owned a trademark, the trademark was indervalued by $140,000 with an eight-year remaining life. Icebreaker attributed to goodwill any unidentified excess cost. PFF reported net income of 5225,000 during 2021 and declared and paid dividends of $100,000. Required: Prenare all of Icebreaker's journal entries for 2021 in relation to its investment in PFI Co