Pronghorn Inc. acquired 20% of the outstanding common shares of Gregson Inc. on December 31, 2019. The purchase price was $1,133,000 for 51,500 shares, and is equal to 20% of Gregson's carrying amount. Gregson declared and paid a $0.80 per share cash dividend on June 15 and again on December 15, 2020. Gregson reported net income of $491,000 for 2020. The fair value of Gregson's shares was $24 per share at December 31, 2020. Pronghorn is a public company and applies IFRS. Prepare the journal entries for Pronghorn for 2019 and 2020, assuming that Pronghorn cannot exercise significant influence over Gregson. The investment is accounted for using the FV-OCI model. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts.) Date Dec. 31, 2019 Account Titles and Explanation Cash Dec. 15, 2020 Cash Dividend Revenue Debit Credit