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: Quantity Security Sabo common shares PYK $1.50 preferred shares Cost $18,000 Market Value $16,500 1,000 2,000 30,000 30.500 Total $48,000 $47,000 The following transactions with respect to Financial Holdings' Investments occurred during 2021: Jan 15 Purchased 1,500 common shares of Hazmi for $18.00 per share. The shares are designated as fair value through other comprehensive Income. Mar. 20 Received dividends on the PYK preferred shares of $1.50 per share, June 15 Sold 500 of the Sabo common shares for $18.75 per share. 120cher The following transactions with respect to Financial Holdings investments occurred during 2021 Jan 15 Mar. 20 Purchased 1.500 common shares of Hazmi for $18.00 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 500 of the Sabo common shares for $18.75 per share. Received dividends on the Sabo common shares of $2.00 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 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following pr. Security Price $19.00 Sabo common shares PYK $1.50 preferred shares 16.75 8.50 Hazmi common shares (a) Your answer is partially correct. Show how the securities would be reported on Financial Holdings December 31, 2020, balance sheet FINANCIAL HOLDINGS Balance Sheet (Partial) Year Ended December 31, 2020 Current Assets 65.650 Investments at Fair Value through Proht or Loss