During 2015, Cheque Mart Ltd. had the following trading investment transactions: Feb. 1 Purchased 1,000 IBF common shares for $30,000. Mar. 1 Purchased 500 RST common shares for $29,000. Apr. 1 Purchased 6% CRT bonds at face value, for $90,000. Interest is received semi-annually on April 1 and October 1. July 1 Received a cash dividend of $2 per share on the IBF common shares. Aug. 1 Sold 350 IBF common shares at $33 per share. Sept. 1 Received a cash dividend of $1.50 per share on the RST common shares. Oct. 1 Received the semi-annual interest on the CRT bonds. 1 Sold the CRT bonds for $86,000. Dec. 31 The market prices of the IBF and RST common shares were $28 and $62 per share, respectively. Instructions (a) Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model. (b) Show how the investments would be presented on the statement of financial position at December 31, 2015. (c) Determine the balance in each of the income statement accounts that are affected in the transactions above and indicate how they would be presented on the income statement for the year ended December 31, 2015?