Exercise 9-10 The following information is avalable about Culver Corp.s investments at December 31. 2017. This is the first year Culver has purchased securitles for investment purposes Cost $35,700 23,000 560,700 Fair Value $41,700 22.000 $63,700 2.550 shares of Petra Corporation common shares 1.000 shares of Dugald Inc. preferred shares Assume that Culver Corp, follows IFRS and applies IFRS 9. Propare the acjusting entry for Decamber 31, 2017, assuming the investments are acquired for trading purposes and accounted for using tha FV-NI modal with no soparate raporting of dividands and othor types of FV-NI investment income and losses. (Credit account titles are automatically indented when the amount is entered. Do not indent manually, Ifno entry is required, select "No Entry for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Propare the acjusting entry for December 31, 2017, assming the invastments are accountod for using the FV-OCI madel. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit