During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Sabo common shares PYK $1.50 preferred shares Total Quantity 1,000 2,000 Cost $20,000 34,000 $54,000 Market Value $18,500 34,500 $53,000 The following transactions with respect to Financial Holdings'investments occurred during 2021: Jan. 15 Mar. 20 Purchased 1,500 common shares of Hazmi for $20.00 per share. The shares are designated as fair value through other comprehensive income. Received dividends on the PYK preferred shares of $1.50 per share. Sold 550 of the Sabo common shares for $20.75 per share. Received dividends on the Sabo common shares of $3.00 per share. Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split. June 15 Aug. 5 Oct. 15 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares Price $21.00 18.75 9.50 Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) $ Date Account Titles and Explanation Debit Credit (To record purchase of investment.) (Collection of dividend.) (To record sale of investment.) (Collection of dividend.) (To record fair value adjustment.) (To record fair value adjustment.) (To record fair value adjustment.) (To record fair value adjustment.) Show how the investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021. (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) $ FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) $