b) On March 1, 20X7, Casey Co. acquired 1,000 shares of Hoi Co. for $30,000. This investment represents a 15% interest in Hoi. Casey has classified this investment as an FVTPL. On November 30, 20X7, Hoi paid a $25,000 dividend to its shareholders. At February 28, 20X8, Hois shares were valued at $40/share and Hoi reported net income of $150,000 for the year. On April 15, 20X8, Casey sold the shares for $53,000. Both Casey and Hoi have February 28th year-ends.