Abbot Corporation (Abbot) has made a series of investments in Pine Corp. (Pine), one of its major customers. Abbot has a December 31 year end. The management of Abbot has been impressed by the products produced and sold by Pine and its market success. These investments are only going to be held for a short period of time. The market price of Pine stock on December 31, 2022 and 2023, was $200 and $250, respectively, per share. Dividends of $1.00 per share were declared and paid on December 31 of each year. The following are the share purchases and sales that Abbot entered in 2022 and 2023:

Date	No. of Shares	Total	Cost (per share)
March 31, 2022	1,000	1,000	$75
June 30, 2022	1,000	2,000	$125
September 30, 2022	1,000	3,000	$175
September 30, 2023	(3,000)	0	$240

Assume that Abbot accounts for its investment in Pine at fair value through profit and loss (FVTPL). Required: a) Prepare the journal entries to record the transactions in 2022 and 2023 with respect to Abbot's investment in Pine. b) How would Abbot disclose the investment in Pine on its balance sheet?