Assuming that Windsor has significant influence over Sweet Acacia, what amount will Windsor report on its income statement for 2021 with regard to this investment?

Sweet Acacia Ltd. has 298,000 common shares authorized and 86,000 shares issued on December 31, 2020. On January 2, 2021, Windsor Inc., which reports under IFRS, purchased shares of Sweet Acacia for $60 per share on the stock market from another investor. Windsor intends to hold these shares as a long-term investment and initially categorizes it as FVTOCI. Windsor's accountant prepared a trial balance as at December 31, 2021, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Sweet Acacia investment: Investments at FVTOCI Dividend revenue OCl-holding gain or (loss) $1,354,500 43,000 64,500 Assume that, after closely examining the situation, Windsor's auditors determine that Windsor has significant influence over Sweet Acacia. Accordingly, the investment account is adjusted to $1,571,250 at December 31, 2021. What was the profit reported by Sweet Acacia for the year ended December 31, 2021? Profit reported by Sweet Acacia $ 1,297,000 Assuming that Windsor has significant influence over Sweet Acacia, what amount will Windsor report on its income statement for 2021 with regard to this investment? WINDSOR INC. Income Statement (Partial) , 2021 Interest Revenue Interest Expense Loss on Sale of FVTPL - Bonds Income from Investment in Associate $ Gain on Sale of Trading Investments Dividend Revenue Gain on Fair Value Adjustment-FVTPL Loss on Sale of Trading Investments OCI - Loss of Fair Value Adjustment Save for Later Last saved 21 minutes ago. Saved work will be auto-submitted on the due date. Attempts: 0 of 2 used Submit