Following is a list of investments owned by Culver Ltd., as of the companys year-end, December 31, 2020:

Investment		No. Shares		Cost		Fair Value
HFX Corporation		900		$8.00		$7.00
FDY Ltd.		2,800		6.00		6.05
CTN Corporation		4,000		6.30		7.10

On January 15, 2021, Culver sold the shares in CTN Corporation for $7.60 per share. Prepare the journal entries required to record the sale, assuming the company uses the fair value through other comprehensive income without recycling method. (Credit account titles are automatically indented when 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.)

. Your answer is partially correct. Following is a list of investments owned by Culver Ltd., as of the company's year-end, December 31, 2020: Investment HFX Corporation FDY Ltd. CTN Corporation No. Shares Cost Fair Value 900 $8.00 $7.00 2,800 6.00 6.05 4,000 6.30 7.10 On January 15, 2021, Culver sold the shares in CTN Corporation for $7.60 per share. Prepare the journal entries required to record the sale, assuming the company uses the fair value through other comprehensive income without recycling method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15, 2021 FV-OCI Investments Unrealized Gain or Loss - OCI (To adjust to current fair value) Cash 30400 FV-OCI Investments 30400 (To record the sale of shares) 5200 5200 (Reclassification unrealized gain)