Ayayai Corporation, a Canadian$-$based international company that follows IFRS, has the following securities in its portfolio of

investments acquired for trading purposes and accounted for using the FV$-$NI method on December $31,2022$:

In $2023,$ Ayayai completed the following securities transactions:

Mar. $1$ Sold the $1,600$ common shares of David Jones at $$46$ per share, less fees of $$400.$

Apr. $1$ Bought $800$ common shares of Oberto Ltd$.$ at $$73$ per share, plus fees of $$1,200.$

Ayayai's portfolio of trading securities appeared as follows on December $31,2023$:

Investments

$4,700$ shares of Hearn Corp., common

$800$ shares of Oberto Ltd$.,$ common

Original Cost

$$178,600$

$58,400$

Fair Value

$$170,900$

$56,600$Assume that the company does not recognize and report dividends and other components of investment gains and losses separately.

$($a$)$

Prepare Ayayai general journal entry to record the adjusting entry for December $31,2022.($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. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit