Entity A invested in 20,000 shares of a listed company in October 2019 at a cost of $3.80 per share.

On 31 December 2019, the shares have a market value of $3.40.

Entity A is not planning on selling these shares in the short term and elects to hold them as Fair Value through Other Comprehensive Income.

REQUIRED:

(1) Measure the amounts of the equity investment recognised in the Statement of Financial Position for the year-end of 2019.

(2) Measure the amounts recognised in the Statement of Profit or Loss for the financial asset as at 31 December 2019.

(3) Measure the amounts of the fair value reserve recognised in the Statement of Financial Position for the year-end of 2019.