Aylmer Corp has the following transactions relating to investments.

Aylmer Corp has a December 31 year end.

1-Sep-19 Aylmer Corp purchased 1,900 shares of Belmont Inc at $9.00 per share.

31-Oct-19 Belmont Inc paid dividends of $0.50 per share.

31-Dec-19 Belmont Inc shares had a fair value of $8.00 per share.

31-Dec-19 Belmont Inc reported net income of $84,000 for the year.

1-Mar-20 Aylmer Corp sold all of Belmont Inc shares for $10.00 per share.

Additional Information: Assume Aylmer Corp uses the fair value through other comprehensive income (FV-OCI) method to account for its investments.

Dividend income is required to be recorded in a separate account.

REQUIRED:

Prepare the appropriate entries for the above transactions.