Salamander Inc. is a food processing company that operates divisions in three major lines of food products: cereals frozen fish, and candy. On 13 September 20X1, the Board of Directors voted to put the candy division up for sale. The candy division's operating results had been declining for the past several years due to intense competition from large international players such as Nestl and Cadbury The Board hired the consulting firm Atelier LLP to conduct a search for potential buyers. The consulting fee was to be 5% of the value of any sale transaction By 31 December 20X1, Atelier had found a highly interested buyer for the candy division, and serious negotiations were underway. The buyer was a food conglomerate based in Brazil, it offered $5.9 million cash On 25 February 20X2, after further negotiations, the Salamander's board accepted an enhanced Brazilian offer to buy the division for $6.2 million. The Salamander shareholders approved the sale on 5 March 20X2. The transfer of ownership took place on 31 March 20X2 Salamander's income tax rate is 20%. Other information is as follows (before tax, in thousands of dollars) 13 September 20X1 31 December 20X1 Book Value Fair Value Fair Value Candy division's net assets Current assets Property, plant, and equipment (net) Current liabilities S 1,030 5,800 (1,050) S 920 4,300 (1,050) S 880 4.500 (1,050) S 5,780 S 4,170 S 4,330 Net earnings (loss) of the candy division 13 September to 31 December 20X1 1 January to 31 March 20X2 590 (700) Required 1. Prepare whatever journal entries are appropriate at 13 September 20X1, 31 December 20x1, 25 February 20X2, 5 March 20X2, and 31 March 20X2. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands, not millions or in whole Canadian dollar.)