1. Walker Inc. began operations on January 1, 20X5. The company reports its financial statements in accordance with IFRS. On December 31, 20X5, the company owned the following investments: Fair value at Type Category Cost year end Other 5% bonds Amortized cost $250,000 $249,000 Purchased at par on January 1, 20X5. Face value is $250,000. Shares fair value 85,000 93,000 $15,000 dividends declared through profit in 20x5; $11,000 was or loss (FVPL) received in the 20x5 fiscal year and the remaining $4,000 was received in the 20x6 fiscal year. Shares fair value 45,000 32,000 through other comprehensive income (FVOCI) What is the total income from investments that Walker reported in the calculation of net income before taxes in the statement of comprehensive income for the year ended December 31, 20X5? a) $21,500 b) $22,500 c) $31,500 d) $35,500