Grouper Corporation made the following purchases of investments during 2020, the first year in which Grouper invested in equity securities: 1. 2. 3. On January 15, purchased 8,370 shares of Nirmala Corp.'s common shares at $31.20 per share plus commission of $1,842. On April 1, purchased 4,650 shares of Oxana Corp's common shares at $48 per share plus commission of $3,134. On September 10, purchased 6,510 shares of WTA Corp.'s preferred shares at $24.60 per share plus commission of $2,706. On May 20, 2020, Grouper sold 2,790 of the Nirmala common shares at a market price of $33 per share less brokerage commissions of $2,651. The year-end fair values per share were as follows: Nirmala $28, Oxana $51, and WTA $26. The chief accountant of Grouper tells you that Grouper Corporation holds these investments with the intention of selling them in order to earn short-term profits from appreciation in their prices and accounts for them using the FV-NI model. Assume that Grouper Corporation follows IFRS 9. Prepare the adjusting entry needed on 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 O for the amounts.) Date Account Titles and Explanation Dec. FV-NI Investments 31 Investment Income or Loss Debit Credit