Question 11 (5 points) On January 1, 2019, Virus Company acquired 60.000 shares of Covid-19 Limited at $5 per share, representing 20% of RR's outstanding voting shares. On July 31, 2019, RR declared and paid a dividend of $1 per share. RR's net income for 2019 was $2,800,000. On December 31, 2019, the shares of RR were trading on the Toronto Stock Exchange at $16 per share. Requirement: Provide the journal entries on Virus's books relating to its investment in Covid-19, assuming that Virus classifies Covid-19 as an associate. Show your calculations