Abrogine Company reported the following accounts in the statement of financial position on Januany 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) 1,000,000 1,200,000

ABC ordinary share(10,000 shares) 2,500,000 2,000,000

RST preference share(1,000 shares) 500,000 200,000

On July 1, 2019, one-half of ABC ordinary shares were sold for 230/share. On December 31,2019, the remaining investments have the following market value:

XYX 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 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