Flounder 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		Carrying Amount (before adjustment)				Fair Value
1,200 shares of David Jones Inc., common			$63,400			$59,100
4,800 shares of Hearn Corp., common			158,400			154,200
420 shares of Alessandro Inc., preferred			58,800			60,700
			$280,600			$274,000

In 2020, Flounder completed the following securities transactions:

Mar. 1		Sold the 1,200 shares of David Jones Inc. common at $46 per share, less fees of $400.
Apr. 1		Bought 700 shares of Oberto Ltd. common at $74 per share, plus fees of $1,400.

Flounder Corporations portfolio of trading securities appeared as follows on December 31, 2020:

Investments		Original Cost			Fair Value
4,800 shares of Hearn Corp., common		$158,400			$154,200
700 shares of Oberto Ltd., common		51,800			49,500
420 shares of Alessandro Inc., preferred		58,800			56,300
		$269,000			$260,000

Assume that the company does not recognize and report dividends and other components of investment gains and losses separately.

Prepare the Flounder Corporation general journal entry to record the adjusting entry for December 31, 2019. (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

Prepare the Flounder 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. 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

Prepare the Flounder Corporation general journal entry to record the purchase of the Oberto Ltd. shares. (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

Prepare the Flounder Corporation general journal entry to record the adjusting entry for December 31, 2020. (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