At December 31, 2017, the equity investments of Blue Spruce Inc. that were accounted for using the FV-OCI model without recycling (application of IFRS 9) were as follows:

Investment Cost andCarrying Amount Fair Value Unrealized Gain (Loss)

Ahn Inc. $133,200 $115,000 $(18,200)

Burnham Corp. 92,300 106,900 14,600

Chi Ltd. 55,500 57,400 1,900

Total $281,000 $279,300 $(1,700)

Because of a change in relationship with Ahn Inc., Blue Spruce Inc. sold its investment in Ahn for $116,500 on January 20, 2018. No other investments were acquired or sold during 2018; however, a dividend of $1,000 was received from Burnham Corp. in June. At December 31, 2018, the fair values of Burnham and Chi shares were $116,850 and $55,200, respectively.

A) Prepare the entry to adjust the portfolio of investments to fair value at December 31, 2017.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

Dec. 31, 2017 Answer $Answer

Answer $Answer

B) Prepare the journal entries for the 2018 sale of the investment in Ahn Inc. and for the dividend received from Burnham Corp.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date Account Titles and Explanation Debit Credit

Jan. 20, 2018 Answer $Answer

Answer $Answer

(To bring the investment to its fair value)

Date Account Titles and Explanation Debit Credit

Jan. 20, 2018 Answer $Answer

Answer $Answer

(To records the proceeds on disposal)

Date Account Titles and Explanation Debit Credit

Jan. 20, 2018 Answer $Answer

Answer $Answer

(To transfer the holding gain/loss for reclassification adjustment)

Date Account Titles and Explanation Debit Credit

June 2018 Answer $Answer

Answer $Answer