2 The following are investment transactions of Creative current fiscal year. 4 January Purchased 500 shares of Laser Jet Co. for RM20 per share plus brokerage costs of RM640. These shares were classified as a Fair Value through Profit or Loss (FVPL) securities. 4 March Acquired 3,000 shares of Minor Conglomerate's stock for RM25 per share plus RM700 transaction costs. These shares were classified as a Fair Value through Other Comprehensive Income (FVOCI) securities. 12 April Purchased 50,000 of the 200,000 outstanding common shares of Falthom Corp. for RM600,000. The cost of the investment exceeded the book value of nett assets acquired by RM320,000. This difference is due to the excess of fair value over the carrying value of Falthom's depreciable assets. Falthom's depreciable assets have a remaining life of 20 years. 30 June Falthom Corp. reported second quarter earnings total of RM60,000. 1 August Received a RM3.50 per share dividend on Laser Jet Co. shares. 31 December Market values of Laser Jet Co. and Minor Conglomerate stock were RM24 and RM18 per share, respectively. Required: (a) Discuss the requirements outlined in MFRS 9 before a security could be classified as a: (i) Fair Value through Profit or Loss (FVPL) (ii) Fair Value through Other Comprehensive Income (FVOCI) (b) Prepare journal entries with appropriate supporting computations for the year's transactions