During $2020$ a company was formed. The company invested in the following shares in $2020$ :

In $2021,$ the company sold the investment in Dunder Inc. for $$60,000$ and paid transaction costs of

$$1,200.$ The shares of Athlead Inc. were also sold for $$100,000$ and transaction fees amounted to $$2,800.$

The company also acquired the shares of Schrute Co$.$ for $$89,000,$ plus transaction fees of $$2,200.$

On December $31,2021,$ the fair values of the shares on hand were as follows:

Required:

$($a$)$ Prepare the journal entries in $2020$ and $2021$ assuming that

i$)$ The investments are classified as FVTPL investments.

ii$)$ The investments are classified as FVTOCI investments.

$($b$)$ Under assumption ii$)$ calculate the balance in the AOCl account on December $31,2021$ and

specify if it is a debit or credit balance.

$($c$)$ Under assumption ii$)$ calculate the amount of OCI that will be reported in the Statement of

Comprehensive Income of $2021,$ and specify if it is a positive or negative amount.