Bain Town Raptors was incorporated on Jan. 1, 2018 to produce and sell carnival designs and costumes. The Problem \# 4: following transactions relate to certain securities acquired by Bain Town Raptors, which has a fiscal year ending Feb. 10. Purchased 8,000 shares of the 150,000 outstanding shares of Island Luck Corporation at $36 per share. on December 31: 2020 The brokerage commission amounted to $864. Sept. 15. Sold 3,000 shares of Island Luck at $40 per share. 3. Purchased 30,000 of the 150,000 shares outstanding of Quick Draw Inc., $675,000. The commission and stamp duty amounted to 2% of the cost. 15. Received a cash dividend of $2.25 per share from Island Luck Corporation uly 26. Sold 1,000 shares of Island Luck for $38 per share. The brokerage commission amounted to $425. Sold 5,000 shares in Quick Draw at the current market price of $20.00 per share and incurred brokerage charges of 2% on sale. Calculate the dividend income from investment to be recorded in 2021 Income Statement. [4 points] structions: Calculate the cost of investment in Island Luck investment. Calculate the gain OR loss on sale of investments in 2020. Calculate the gain OR loss on sale of investments to be recorded in the 2021 Income statement. [10 poir