RR Company purchased 12,000 common shares of SS Inc. on January 1, Year 1 for $180,000. SS inc. had 80,000 common shares outstanding. The following information relates to SS Inc.: Net Income (loss) Year 1 $300,000 Year 2 $(180,000) Dividends paid Market value/share at December 31 $75,000 $40,000 $17 $18 On January 1, Year 3, RR sold Investment in SS Inc. shares for $20 per share. RR has a December 31 year end. Required: Show all calculations for full marks. i) Prepare the journal entries for Years 1 and 2 and on January 1, Year 3 assuming the RR elects to use FVOCI to account for its investment in SS ii) How much is the change in Retained Earnings from January 1, Year 1 to January 1, Year 3? Show all #s for each year to support your total change.