Exercise 9-9 Pina Colada Corporation, a Canadian-based international company that follows IFRS, has the following securities in its portfolio of investments acquired for trading purposes and accounted for using the FV-NI method on December 31, 2019: Investments 2,000 shares of David Jones Inc., common 5,600 shares of Hearn Corp., common 380 shares of Alessandro Inc., preferred Carrying Amount (before adjustment) $111,000 207,200 53,200 $371,400 Fair Value $106,000 200,600 54,700 $361,300 In 2020, Pina Colada completed the following securities transactions: Mar. 1 Sold the 2,000 shares of David Jones Inc. common at $47 per share, less fees of $500. Apr. 1 Bought 800 shares of Oberto Ltd. common at $71 per share, plus fees of $1,400. Pina Colada Corporation's portfolio of trading securities appeared as follows on December 31, 2020: Investments 5,600 shares of Hearn Corp., common 800 shares of Oberto Ltd., common 380 shares of Alessandro Inc., preferred Original Cost $207,200 56,800 53,200 $317,200 Fair Value $200,600 54,500 50,100 $305,200 Assume that the company does not recognize and report dividends and other components of investment gains and losses separately. Prepare the Pina Colada Corporation general journal entry to record the sale of the David Jones Inc. shares. (Credit account titles are automatically indented when the amount is entered. D not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Cash 93500 Investment Income or Los 16500 x FV-NI Investments 110000 SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Prepare the Pina Colada Corporation general journal entry to record the purchase of the Oberto Ltd. shares. (Credit account titles are automatically indented when the amount is entered. D not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Account Titles and Explanation X FV-NI Investments X Investment Income or Los