At December 31, 2020, the equity investments of Ayayai Inc. that were accounted for using the FV-OCI model without recycling were as follows: Cost and Carrying Amount Unrealized Gain (Loss) Investment Fair Value Ahn Inc. $174,200 $151,200 $(23,000) Burnham Corp. 121,700 139,600 17,900 Chi Ltd. 73,200 75,600 2,400 Total $369,100 $366,400 $(2,700) Because of a change in relationship with Ahn Inc., Ayayai Inc. sold its investment in Ahn for $153,100 on January 20, 2021. No other investments were acquired or sold during 2021; however, a dividend of $1,200 was received from Burnham Corp. in June. At December 31, 2021, the fair values of Burnham and Chi shares were $152,400 and $72,000, respectively. Prepare the entry to adjust the portfolio of investments to fair value at December 31, 2020. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Unrealized Gain or Loss - OCI 2700 FV-OCI Investments 2700 Prepare the presentation of all investment-related accounts on the statement of financial position at December 31, 2020. (Enter negative amounts using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945).) Ayayai Inc. Statement of Financial Position December 31, 2020 Current Assets Indicate what accounts and amounts would be reported on the statement of comprehensive income for the year ended December 31, 2020, and where each would be reported. (Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Ayayai Inc. Statement of Comprehensive Income > $XXX Prepare the journal entries for the 2021 sale of the investment in Ahn Inc., including reclassifying holding gains or losses to retained earnings 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 20, 2021 (To adjust to fair value at date of disposal) Jan. 20, 2021 (To record disposal) Jan. 20, 2021 (To reclassify holding loss) June 2021 Prepare the journal entries for the 2021 sale of the investment in Ahn Inc., including reclassifying holding gains or losses to retained earnings 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 20, 2021 (To adjust to fair value at date of disposal) Jan. 20, 2021 (To record disposal) Jan. 20, 2021 (To reclassify holding loss) June 2021 Prepare the journal entry required at December 31, 2021, to adjust the investments to fair value. (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 O for the amounts.) Account Titles and Explanation Debit Credit At December 31, 2020, the equity investments of Ayayai Inc. that were accounted for using the FV-OCI model without recycling were as follows: Cost and Carrying Amount Unrealized Gain (Loss) Investment Fair Value Ahn Inc. $174,200 $151,200 $(23,000) Burnham Corp. 121,700 139,600 17,900 Chi Ltd. 73,200 75,600 2,400 Total $369,100 $366,400 $(2,700) Because of a change in relationship with Ahn Inc., Ayayai Inc. sold its investment in Ahn for $153,100 on January 20, 2021. No other investments were acquired or sold during 2021; however, a dividend of $1,200 was received from Burnham Corp. in June. At December 31, 2021, the fair values of Burnham and Chi shares were $152,400 and $72,000, respectively. Prepare the entry to adjust the portfolio of investments to fair value at December 31, 2020. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 Unrealized Gain or Loss - OCI 2700 FV-OCI Investments 2700 Prepare the presentation of all investment-related accounts on the statement of financial position at December 31, 2020. (Enter negative amounts using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945).) Ayayai Inc. Statement of Financial Position December 31, 2020 Current Assets Indicate what accounts and amounts would be reported on the statement of comprehensive income for the year ended December 31, 2020, and where each would be reported. (Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Ayayai Inc. Statement of Comprehensive Income > $XXX Prepare the journal entries for the 2021 sale of the investment in Ahn Inc., including reclassifying holding gains or losses to retained earnings 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 20, 2021 (To adjust to fair value at date of disposal) Jan. 20, 2021 (To record disposal) Jan. 20, 2021 (To reclassify holding loss) June 2021 Prepare the journal entries for the 2021 sale of the investment in Ahn Inc., including reclassifying holding gains or losses to retained earnings 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 Ofor the amounts.) Date Account Titles and Explanation Debit Credit Jan. 20, 2021 (To adjust to fair value at date of disposal) Jan. 20, 2021 (To record disposal) Jan. 20, 2021 (To reclassify holding loss) June 2021 Prepare the journal entry required at December 31, 2021, to adjust the investments to fair value. (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 O for the amounts.) Account Titles and Explanation Debit Credit