Chockpish Inc. (Chockpish) has provided you with the following list of transactions and economic events that involved its passive investment portfolio in 2018. For each of the items, prepare any journal entries required. Explain your entries fully. Chockpish's year-end is December 31.

a. On January 15, 2,000, shares of Inwood Corp. were purchased at $37 per share.

b. On February 12, a cheque for $10,000 was received from Guthrie Inc. for dividends.

c. At the close of trading on December 31, bonds of Hydraulic Corp. were priced $980 per thousand-dollar bond. Chockpish's 100 bonds have a carrying amount of $1,000 per bond. The company invests in this type of bond for the cash flow it generates.

d. At the close of trading on December 31, shares of Kynoch Ltd. were priced at $12 per share. Chockpish's 5,000 shares of Kynoch Ltd. have a carrying amount of $15 per share. Chockpish designated these shares as fair value through other compre hensive income.

e. At the close of trading on December 31, shares of Jobrin Inc. were priced at $19 per share. Chockpish's 3,000 shares of Jobrin have a carrying amount of $22 per share. Chockpish accounts for these shares as fair value through profit and loss.