At December 31, 2021, Perth Inc. has the following investments. Assume the FVTPL investments are held for trading. Security Investment Category Carrying Value Fair Value Co. A common shares FVTPL $19,000 $16,000 Co. B preferred shares FVTPL 11,500 14,000 Co. C common shares Total FVTOCI 21,000 19,000 $51,500 $49,000 (a) Prepare the adjusting entries required at December 31 to reflect the above information. (b) Show the financial statement presentation (balance sheet AND statements of income and comprehensive income) of the investments and related transactions and adjustments at December 31, 2021. (Ignore income tax.) BE SPECIFIC AS TO CLASSIFICATION AND ACCOUNT TITLE. (c) Assuming that on March 20, 2022, Perth sold Co. B preferred shares for $13,000, and sold Co. A common shares for $17,500. Prepare the journal entries to record these transactions. Please enter your answers in the space provided below Part A Date Dec 31 2021 Description Debit Credit Fair Value Loss 3,000 Investment in Common Shares 3,000 Dec 31,2021 Investment in Common Shares Fair Value Loss Part B Balance Sheet Statement of Income and Comprehensive Income Part C Date Description Debit Credit