Cullumber Technologies Inc. held a portfolio of shares and bonds that it accounted for using the fair value through other

comprehensive income model at December $31,2023.$ This was the first year that Cullumber had purchased investments. In part due to

Cullumber's inexperience, by December $31,2023,$ the market value of the portfolio had dropped $$29,400$ below its original cost.

Cullumber recorded the necessary adjustments at December $31,2023,$ and was determined to hold the securities until the unrealized

Ioss from $2023$ could be recovered. By December $31,2024,$ Cullumber's goal of recovery had been realized and the original portfolio

of shares and bonds had a fair market value $$7,300$ higher than the original purchase costs. Cullumber's income tax rate is $30\%$ for all

years. Assume that any gains that will ultimately be realized on the sale of the shares and bonds are taxable as ordinary income when

they are realized. Cullumber applies IFRS.