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50. During 2020, Ireland Company purchased marketable equity securities as short-term investment to be measured at fair value through other comprehensive income. The cost
50. During 2020, Ireland Company purchased marketable equity securities as short-term investment to be measured at fair value through other comprehensive income. The cost and market value on December 31, 2020 were: Security E 1,000 shares F 10,000 shares G 20,000 shares Cost 300,000 1,700,000 3,150,000 Market Value 350,000 1,550,000 2,950,000 The entity sold 10,000 shares of F on January 5, 2021 for P1,450,000. What total amount should be charged to retained earnings as a result of the sale of equity securities in 2021?
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