Willow Corp. is a real estate developer with its headquarters in Burlington, Ontario. As a result of recent increases in land prices, Willow has accumulated a substantial amount of excess cash. It is looking to invest in a building supply company, but has not yet found a suitable company. To earn a reasonable return and to minimize risk, Willow invests its excess cash in common shares of large, stable corporations." 1. On Jan 1, 2019, Willow paid $1,080,000 to purchase 120,000 or 20% of the common shares of North Line. 2. On December 27, 2019, North Line declared and paid a dividend of $0.25 per common share. 3. On December 31, 2019, the market value of the common shares was $1,200,000. 4. On June 30, 2020, Willow sold the common shares for $1,620,000. Required: 1. Provide the journal entries on Willow Corp's books relating to its investment in North Line. (5marks)