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Paradise Company, a Canadian publicly traded company, had the following transactions in 2022 : On March 31, 2023, Paradise Company borrowed 1,250,000 from Regal Bank (UK) at an annual interest rate of 6%. Interest is payable annually on March 31 , with the loan due on March 31, 2027. The following exchange rates occurred during the period: On April 15, 2023, Paradise Company received an order to sell goods costing C $120,000, terms f.o.b. shipping point, to Rathnayake Industries of Sri Lanka for SLR50,000,000. The goods were shipped on April 30, 2023 with payment made on June 30,2023 . The following exchange rates occurred during the period: On September 1, 2023, Paradise Company ordered equipment, terms f.o.b. destination, from Grove Corporation for 220,000. The equipment was delivered on October 31 , 2023 and payment was made on December 1,2023. The equipment is estimated to have a useful life of 6 years, with no residual value. Paradise depreciates its capital asset on the straight-line basis. The following exchange rates occurred during the period: On November 1,2023 , Paradise Company purchased 20,000 ordinary shares of Alliant Technologies, a Japanese company, at 22,000 per share. Paradise accounts for this investment at Fair Value through Other Comprehensive Income. On December 5, 2023, Alliant Technologies paid a dividend of $1000 per ordinary share. The market value of Alliant ordinary shares was 24,000 on December 24 , the last trading day for the year 2023. The following exchange rates occurred during the period: Required: Prepare the joumal entries required to record the above transactions in the books of Paradise Corporation for its financial year ending December 31, 2023, including any year-end adjusting entries

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