question $2$

Problem 2 (6 Marks) Blue Spruce Corporation purchased a 25% interest in Krov Corporation on January 2, 2023, for S700. At that time, the carrying amount of Krov's net assets was S2,700. Any excess of the cost of the investment over Blue Spruce's share of Krov's carrying amount can be attributed to unrecorded intangibles with a useful life of 20 years. Krov declared and paid a dividend of $6 and reported net income ofS35 for its year ended December 31 , 2023. Instruction Prepare Blue Spruce's 2023 entries to record all transactions and events related to the investment in its associate. Assume that Blue Spruce is a publicly accountable enterprise that applies IFRS. (Round answers to 2 decimal places.)