Oasis Investment Ltd has it financial ending on 31 December and during its financial year conducted a

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Oasis Investment Ltd has it financial ending on 31 December and during its financial year conducted a number of transactions with respect to Omega plc €1 Ordinary Shares. Omega plc normally declares and pays a dividend quarterly, with the first quarterly period ending 31 March. The transactions with respect to Omega plc included the following:

a. 5 March: Acquired 10,000 shares at €3 cum-div (classified as AFS).

b. 31 March: Omega plc declared and paid a dividend of €0.075 per share.

c. 30 June: Acquired a further 5,000 shares at €3.50.

d. 30 June: Omega plc did not declare a dividend.

e. 30 September: Omega plc declared and paid dividend of €0.05 per share.

f. 30 November: Oasis Investment Ltd sold 5,000 shares for €20,000.

g. 31 December: Omega plc shares have a market price of €4.20.

h. 31 December: Omega plc did not declare a dividend.

Write up the investment account (combined capital and interest account) showing all calculations to the nearest euro, for the year ending 31 December in the books of Oasis Investment Ltd using both the average cost method (AVCO) and first-in-first-out cost method (FIFO). Assume that the financial year in question is not a leap year.

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