and won how you recommend to the company rities for trading purposes. Al December 31, 2020, the securities for Financial Holdings were as P16.SA (LO 3, 5) AP During 2020, Financial Holdings, a public company purchased equity secu follows: Quantity 1.000 Cost $15.000 24.000 $39.000 Market Value 513 500 24.500 2.000 Security Sabo common shares PYK $1.50 preferred shares Total The following transactions with respect to Financial Holdings Investments occurred during 2021: Jan. 15 Purchased 1,500 common shares or for 15.00 per shThe shares are desde nated as fair value through other cousive Income Mar. 20 Received dividends on the Pyk prescind share art per dare. June 15 Sold 750 of the Sabo common shares for SiS 75 par share. Aug. 5 Received dividends on the Sabo common shares of $2.50 Sace. Oct. 15 Received an additional 1,500 common shares of H as a result of a 2-for-1 stock split. At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Price Sabo common shares $16.00 PYK $1.50 preferred shares 13.75 Hazmi common shares 7.00 Instructions a. Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. b. Record Financial Holdings' 2021 transactions and any required adjusting journal entries at Decem- ber 31, 2021 c. Show how the investment income, gains, and losses would be reported on the statement of compre- hensive income for the year ended December 31, 2021. (Ignore income tax.) Taking It Further Calculate the total profit/loss (over the life of the investment) that Financial Holdings made on the 750 Sabo common shares sold on June 15, 2021, and calculate the percentage the investment