On January 25, 2017, Douglas Ltd. purchased 1,000 common shares of BMO (Bank of Montreal) for $65 each. During the remainder of 2017, Douglas received $2.80/share in dividends and BMO’s earnings per share were $5.30. The closing price of the shares on the fiscal year-end date of December 31, 2017, was $69.

Required:
Assume that Douglas classified the investment as FVPL.
a. At what value should the company report the BMO shares on its December 31, 2017, balance sheet?
b. How much income should the company report in relation to these shares?
c. How much OCI should Douglas report in relation to these shares?