Coronado Ltd. has 403,000 common shares authorized and 121,000 shares issued on December 31, 2023. On January 2, 2024, Larkspur Inc., which reports under IFRS, purchased shares of Coronado for $40 per share on the stock market from another investor. Larkspur intends to hold these shares as a long-term investment and initially classifies it as FVTOCI. Larkspur's accountant prepared a trial balance as at December 31, 2024, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Coronado investment: Investments at FVTOCI Dividend revenue $1,361,250 121,000 OCI-holding gain or (loss) 151,250 Assume that, after closely examining the situation, Larkspur's auditors determine that Larkspur has significant influence over Coronado. Accordingly, the investment account is adjusted to $1,373,750 at December 31, 2024. What was the profit reported by Coronado for the year ended December 31, 2024? Profit reported by Coronado $ Your answer is partially correct. Assuming that Larkspur has significant influence over Coronado, what amount will Larkspur report on its income statement for 2024 with regard to this investment? LARKSPUR INC. Income Statement (Partial) Year Ended December 31, 2024 Other Revenues How would your answer to part (f) change if Larkspur reported under ASPE and chose to use the cost method to account for its investment in Coronado because the shares did not have a quoted market price? LARKSPUR INC. Income Statement (Partial) Year Ended December 31, 2024 Dividend Revenue