ABC Inc. bought 1,000 shares of 678 Inc. at $10 per share on July 1^st, 2022. On December 30^th, 678 Inc. declared a dividend of $1.20 per share. The shares are designated as FVTPL by ABC's management. The share price was $9 on December 31^st, 2022. Required: Prepare all required journal entries for 2022. Suppose that early in 2023, a press release indicates that 678 Inc. will have going-concern issues. As a result of the news, the share price on January 2^nd drops to $3 per share. ABC Inc has determined that the likelihood of the shares ever rising above the $3 mark were minimal. Would this impact your journal entries in requirement 1? Explain.