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Her Company purchased 10,000 common shares (20%) of Him inc on January 1, Year 4 for $170,000. Additional information on Him for the three years

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Her Company purchased 10,000 common shares (20%) of Him inc on January 1, Year 4 for $170,000. Additional information on Him for the three years ending December 31, Year 6, is as follows: Market Value per Share at December 31 Year Year 4 Year 5 Year 6 Net Income $109, eee 112,500 120,000 Dividends Paid $75,000 89, 890 87,500 On December 31, Year 6, Her sold its Investment in Him for $230,000. Required: (a) Compute the balance in the investment account at the end of Year 5, assuming that the investment is classified as FVTPL Balance in investment account su Investment in associate Balance in investment account SI (H) FVTOCI Balance in investment account s (b) Calculate how much income will be reported in net income and other comprehensive Income in each of Years 4, 5 and 6 and in total for the three years assuming that the investment is classified as (Leave no cells blonk be certain to enter "o" wherever required. Omit S sign in your response.) FVTPL Dividend income Unrealized gains Gain on sale Net income Total oci (1) Investment in associate Year 5 Year 6 Total Equity income Gain on sale Net income Total OCI (1) FVTOCI Year 4 Year 6 Total Dividend income Gain on sale Net income Other comprehensive income Unrealized gain Gain on sale Total other comprehensive income Comprehensive income (c) Not available in Connect

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