Grouper Corp. has the following portfolio of securities acquired for trading purposes and accounted for using the FV-NI model at September 30, 2017, the end of the companys third quarter:

Investment Cost Fair Value 48,000 common shares of Yuen Inc. $273,600 $192,000 3,300 preferred shares of Monty Ltd. 125,400 132,000 1,400 common shares of Oakwood Inc. 126,000 125,300

On October 8, 2017, the Yuen shares were sold for $5.70 per share. On November 16, 2017, 3,000 common shares of Patriot Corp. were purchased at $43.90 per share. Grouper pays a 1% commission on purchases and sales of all securities. At the end of the fourth quarter, on December 31, 2017, the fair values of the shares held were as follows: Monty $102,200; Patriot $117,000; and Oakwood $142,100. Grouper prepares financial statements every quarter. Assume Grouper follows IFRS 9 and does not recognize dividends and other investment income accounts separately. Required:

a) Prepare the journal entries to record the sale, purchase, and adjusting entries related to the portfolio for the fourth quarter of 2017.

b) Indicate how and where the investments would be reported on the December 31, 2017 statement of financial position.