Headlands Ltd. has 313,600 common shares authorized and 91,200 shares issued on December 31, 2023. On...

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Headlands Ltd. has 313,600 common shares authorized and 91,200 shares issued on December 31, 2023. On January 2, 2024, Marin Inc., which reports under IFRS, purchased shares of Headlands for $50 per share on the stock market from another investor. Marin intends to hold these shares as a long-term investment and initially classifies it as FVTOCI. Marin's accountant prepared a trial balance as at December 31, 2024, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Headlands investment: Investments at FVTOCI Dividend revenue $1,231,200 68,400 OCI-holding gain or (loss) 91.200 How many shares of Headlands did Marin purchase on January 2? (Hint: Subtract the OCI-Holding Gain or Loss from the investment account.) Marin purchased shares Headlands Ltd. has 313,600 common shares authorized and 91,200 shares issued on December 31, 2023. On January 2, 2024, Marin Inc., which reports under IFRS, purchased shares of Headlands for $50 per share on the stock market from another investor. Marin intends to hold these shares as a long-term investment and initially classifies it as FVTOCI. Marin's accountant prepared a trial balance as at December 31, 2024, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Headlands investment: Investments at FVTOCI Dividend revenue $1,231,200 68,400 OCI-holding gain or (loss) 91.200 How many shares of Headlands did Marin purchase on January 2? (Hint: Subtract the OCI-Holding Gain or Loss from the investment account.) Marin purchased shares