ABC Ltd is an investment company that trades in shares on the Australian Securities Exchange. ABC Ltd measures the shares at fair value through the profit or loss. ABC Ltd makes the fol- lowing trades in ANZ Ltd. Trade date Quantity Price Buy/Sell Brokerage 19 May 2022 1,000 25.45 buy 50 21 June 2022 3,000 28.00 buy 200 30 June 2022 1,000 28.15 sell 50 Settlement date is T+2 meaning that settlement of trades occurs two business days after trade date. The closing market price for shares in ANZ at 30 June 2022 is $28.05. Question 8 Required Prepare the entries of ABC Ltd on the basis of settlement date accounting for the year ended on 30 June 2022.