Flint Ltd. is a Canadian publicly-traded business with a December 31 fiscal year end. In order to get a better return on some of its excess cash, Flint purchased 190 common shares of AFS Corporation on July 1, 2017 at a price of $5.87 per share. On the day of acquisition, Flint elected to account for the investment using the fair-value through other comprehensive income (FV-OCI) without recycling model. On August 1, 2017, AFS declared dividends of $0.60/share, and paid those dividends on August 20, 2017. On December 31, 2017, shares in AFS were trading at $6.80 per share. On September 15, 2018, Flint sold the shares in AFS for $7.80 per share. Prepare the journal entries required to record the above transactions on the books of Flint Ltd.

Date Account Titles and Explanation Debit Credit To adjust to current fair value.) (To record the sale of shares.)