iii During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Quantity Cost Market Value Sabo common shares 1.000 $20,000 $18,500 PYK $1.50 preferred shares 2.000 34.000 34,500 Total $54,000 $53,000 The following transactions with respect to Financial Holdings'investments occurred during 2021: Jan. 15 Purchased 1,500 common shares of Hazmi for $20.00 per share. The shares are designated as fair value through other comprehensive income. Mar. 20 Received dividends on the PYK preferred shares of $1.50 per share. June 15 Sold 550 of the Sabo common shares for $20.75 per share. Aug 5 Received dividends on the Sabo common shares of $3.00 per share. Oct. 15 Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split. -11 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Price Sabo common shares $21.00 PYK $1.50 preferred shares 18.75 Hazmi common shares 9.50 Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) Year Ended December 31, 2020 V Current Assets Investments at Fair Value through Profit or Loss $ 71250 Taxtbook and Media Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 2021. (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 for the amounts. Record journal entries in the order presented in the problem. Round answer to 0 decimal places e.g. 5,276.) Date Account Titles and Explanation Debit Credit Jan. 15 v Investments at FVTPL 30000 Cash 30000 (To record purchase of investment.) Mar. 20 Cash 3000 Investment Income or Loss 300d (Collection of dividend.) June 15 V Cash 11413 Investments at FVTPL 11000 Investment Income or LOSS 413 Question 3 of 4 > 413 (To record sale of investment.) Aug. 5 v Cash > 5850 Investment Income or Loss (To record fair value adjustment.) Question 3 of 4