Aborigine Company reported the following accounts in the statement of financial position on January $1,2018.$

Noncurrent assets

Financial asset $$ FVOCI $4,000,000$

Market adjustment for unrealized

loss

$(500,000)$

Market Value $3,500,000$

Other comprehensive income

Unrealized loss $(500,000)$

An analysis of the investment portfolio revealed the following on December $31,2018.$

Cost Market

XYZ ordinary share $(5,000$

shares$)$

$1,000,0001,200,000$

ABC ordinary share $(10,000$

shares$)$

$2,500,0002,000,000$

RST preference share $(1,000$

shares$)$

$500,000200,000$

On July $1,2019,$ one$-$half of ABC ordinary shares were sold for P$230/$share$.$ On December $31,2019,$ the remaining

investments have the following market value:

XYZ ordinary share $1,000,000$

ABC ordinary share $1,500,000$

RST preference share $150,000$

Determine the following.

$1.$ Entry to record the change in the fair value of the investment on December $31,2018.$

$2.$ Entries to record the sale of ABC ordinary shares.

$3.$ The carrying value of the investment as of December $31,2019.$

$4.$ Cumulative unrealized gain$/($loss$)$ as of December $31,2019$ to be presented in the $2019$ Statement of

Financial Position