Answer both of them please

Firestone Inc. (F0 reports under IFRS. FI purchased shares for $13,000 - $500 in transaction costs and classified the shares as FVTPL. What is the impact on net income when the acquisition is recorded? Multiple Choice Decrease of $500 Decrease of $13,500 No impact on net income Increase of $13.500 Blue Inc. (Blue) acquired shares in Air Canada, a public company, for $4,000 on October 1, 2020. These shares will be held in Blue's portfolio of held for trading investments. How should the investment in Air Canada shares be accounted for by Blue, assuming Blue reports under ASPE? Multiple Choice Investment reported at cost or fair value on the balance sheet. Management can make the choice, Reported at fair value on the balance sheet Unrealized gains and losses reported in net income. Reported at fore value on the balance sheet Unrealized gans and losses reported in och ornet income, depending on management preference Reported at cost on the balance sheet. No gain or loss recorded investment is sold