Frank Corporation invested its excess cash in investments accounted for using the fair value through other comprehensive income (FV-OCI) model during 2010. At December 31, 2010, the portfolio consisted of the following common shares: Investment # shares Fair Value Cost (and current carrying value) Lara Inc. 1,000 shares $13,000 $19,000 Paula Inc. 2,000 shares 42,000 44,000 Aryn Inc. 2,000 shares 72,000 60,000 $127,000 $123,000 Frank Corporation applies the FV-OCI model with unrealized gains and losses reclassified to retained earnings. FOR 2010: a) Make the journal entry at December 31, 2010 to adjust the share investments to their fair value? (1 marks) b) What is the balance of accumulated other compr December 31, 2010? (1 mark) nsive income (AOCI) at FOR 2011: In 2011, Frank Corporation sold 2,000 shares of Paula Inc. for $36,400 less a $1,250 brokerage fee. In that same year, Frank Corporation purchased 500 more shares of Lara Inc. for $7,000. Frank Corporation pays no brokerage fees on share purchases. Aryn Inc. paid Frank Corporation a $1,500 cash dividend