In 2020, Flounder Limited purchased shares of Gurvir Corp. at a cost of $49,500. This was the first time the company had ever acquired an investment to be accounted for at fair value through other comprehensive income (FV-OCI). At December 31, 2020, the Gurvir Corp. shares had a fair value of $41,000. Flounder Limited's income tax rate is 30%. Assume that any gains that are ultimately realized on the sale of the Gurvir Corp.shares will be taxable as ordinary income when the gains are realized. Prepare the necessary journal entries to record the unrealized loss and the related income taxes in 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 Debit Cro December 31, 2020 (To record fair value adjustment) December 31, 2020 (To record deferred taxes on fair value adjustment) e Textbook and Media List of Accounts Prepare the statement of comprehensive income for Flounder Limited, beginning with the line for net income of $61,900. Assume Flounder Limited reports under IFRS. ounder Limited tatement of Comprehensive Income A $ $