At December 31, 2020, the equity investments of Monty Inc. that were accounted for using the FV-OCI model without recycling were as follows:

Investment		Cost and Carrying Amount				Fair Value			Unrealized Gain (Loss)
Ahn Inc.			$176,800			$150,700			$(26,100	)
Burnham Corp.			120,300			139,400			19,100
Chi Ltd.			73,200			75,300			2,100
Total			$370,300			$365,400			$(4,900	)

Because of a change in relationship with Ahn Inc., Monty Inc. sold its investment in Ahn for $153,900 on January 20, 2021. No other investments were acquired or sold during 2021; however, a dividend of $1,400 was received from Burnham Corp. in June. At December 31, 2021, the fair values of Burnham and Chi shares were $152,400 and $72,200, respectively.

Prepare the presentation of all investment-related accounts on the statement of financial position at December 31, 2020. Assume that the balance of AOCI at December 31, 2019 is zero. (Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

Monty Inc. Statement of Financial Position choose the accounting period For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020
select an opening subsection name Total Current AssetsTotal Shareholders EquityShareholders EquityTotal Long-term InvestmentsCurrent AssetsLong-term Investments
select a balance sheet item Investments in Equity Securities, FV-OCI Unrealized Losses on FV-OCI Investments Inventory Cash Unrealized Gains on FV-OCI Investments Other Current Liabilities		$enter a dollar amount
select an opening section name Total Shareholders EquityLong-term InvestmentsTotal Current AssetsShareholders EquityCurrent AssetsTotal Long-term Investments
select a balance sheet item Total Accumulated Other Comprehensive IncomeTotal Long-Term DebtAccumulated Other Comprehensive IncomeLong-Term DebtFixed AssetsLong-Term Investments
select a balance sheet item Unrealized Losses on FV-OCI Investments Other Current Liabilities Cash Investments in Equity Securities, FV-OCI Unrealized Gains on FV-OCI Investments Inventory		$enter a dollar amount

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).)

Monty Inc. Statement of Comprehensive Income choose the accounting period For the Year Ended December 31, 2020December 31, 2020For the Month Ended December 31, 2020
select a comprehensive income item Gross Profit / (Loss)Other Comprehensive Income Item that will be reclassified to net incomeNet Income / (Loss)Other Comprehensive Income Item that will not be reclassified to net incomeComprehensive Income / (Loss)		$XXX
select an opening section name Gross Profit / (Loss)Other Comprehensive Income Item that will be reclassified to net incomeNet Income / (Loss)Comprehensive Income / (Loss)Other Comprehensive Income Item that will not be reclassified to net income
select a comprehensive income item Dividend Revenue Unrealized net loss on FV-OCI investments Interest Expense Unrealized gain on FV-OCI investments Holding Gains on Investments		enter a dollar amount
select a closing name for this statement Net Income / (Loss)Gross Profit / (Loss)Other Comprehensive Income Item that will be reclassified to net incomeOther Comprehensive Income Item that will not be reclassified to net incomeComprehensive Income / (Loss)		$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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 20, 2021	enter an account title to adjust to fair value at date of disposal on January 20	enter a debit amount	enter a credit amount
	enter an account title to adjust to fair value at date of disposal on January 20	enter a debit amount	enter a credit amount
	(To adjust to fair value at date of disposal)
Jan. 20, 2021	enter an account title to record disposal on January 20	enter a debit amount	enter a credit amount
	enter an account title to record disposal on January 20	enter a debit amount	enter a credit amount
	(To record disposal)
Jan. 20, 2021	enter an account title to reclassify holding loss on January 20	enter a debit amount	enter a credit amount
	enter an account title to reclassify holding loss on January 20	enter a debit amount	enter a credit amount
	(To reclassify holding loss)
June 2021	enter an account title for the journal entry on June 2021	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on June 2021	enter a debit amount	enter a credit amount

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 0 for the amounts.)