During 2016, Commercial Inc. purchased equity securities held for trading purposes. At December 31, 2016, the securities for Commercial Inc. were as follows:

The following transactions with respect to Commercial Inc.'s investments occurred during 2017:
Apr. 15 Sold 1,250 of the Fahim common shares for $27.00 per share.
June 15 Purchased an additional 1,000 of Fahim common shares for $27.50 per share.
July 31 Purchased 4,000 common shares of Hopeful Industries Ltd. at $4 per share. The investment will be reported using fair value through other comprehensive income.
Aug. 5 Received dividends on the PLJ common shares of $2.50 per share.
Oct. 15 Received an additional 4,000 common shares of Hopeful Industries Ltd. as a result of a 2-for-1 stock split.
At December 31, 2017, the securities held by Commercial Inc. were trading on the TSX at the following prices:
Security Price
Fahim common shares..........................$30.00
PLJ common shares...............................6.00
Hopeful Industries common shares.............1.60
Instructions
(a) Show how the securities would be reported on Commercial Inc.'s December 31, 2016, balance sheet.
(b) Record Commercial Inc.'s 2017 transactions and any required adjusting journal entries at December 31, 2017.
(c) Show how investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2017.
TAKING IT FURTHER
Why might the Hopeful Industries common shares be reported at FVTOCI instead of FVTPL like the other securities?

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Security Quantity Ct Market Value Fahim common shares PLJ common shares Total 1,500 2,000 $36,000 14,000 $50,000 $39,000 16,500 $55,500