Accounts Available:

• Accumulated Other Comprehensive Income
• Allowance for Investment Impairment
• Bond Investment at Amortized Cost
• Cash
• Dividend Receivable
• Dividend Revenue
• FV-NI Investments
• FV-OCI Investments
• Gain on Sale of Investments
• GST Receivable
• Interest Expense
• Interest Income
• Interest Payable
• Interest Receivable
• Investment in Associate
• Investment Income or Loss
• Loss on Discontinued Operations
• Loss on Impairment
• Loss on Sale of Investments
• No Entry
• Note Investment at Amortized Cost
• Other Investments
• Recovery of Loss from Impairment
• Retained Earnings
• Unrealized Gain or Loss - OCI

Following is a list of investments owned by Novak Ltd., as of the company's year-end, December 31, 2020 Investment No. Shares Cost Fair Value $8.20 HFX Corporation 1,200 $9.00 FDY Ltd. 2,200 7.40 7.50 CTN Corporation 3,700 6.60 7.30 On January 15, 2021, Novak sold the shares in CTN Corporation for $7.80 per share. Prepare the journal entries required to record the sale, assuming the company uses the fair value through other comprehensive income without recycling method. (Credit account titles are automatically indented when entered. Do not indent manually. if no entry required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Date Debit Credit Jan. 15, 2021 (To adjust to current fair value) (To record the sale of shares) (Reclassification unrealized gain)