FVPL Investment: An Exercise Suppose your company invested in Loblaw (Canadian Supermarket Chain) . Purchased 1,000 Loblaw shares on Aug 12, 2019. Designates them as FVPL investment. . On Dec 31, 2019 (i.e., fiscal year end), reported these shares at their fair value. . Sold 500 shares on Feb 7, 2020. . Sold the rest on Mar 16, 2120. Required: . Find Loblaw share prices on the above dates (Google search, use close price) . Provide journal entries to record these transactions . What's the total gain or loss from this investment . Determine the impact of this investment on your company's net income of 2019 and 2020