In 2020, Swifty Limited purchased shares of Gurvir Corp. at a cost of $50,400. 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. Swifty 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 for the amounts.) Account Titles and Explanation Debit Date December 31, 2020 (To record fair value adjustment) December 31, 2020 (To record deferred taxes on fair value adjustment) Assignment 4 Question 10 of 10 -11 II! Prepare the statement of comprehensive income for Swifty Limited, beginning with the line for net income of $64,000. Assume Swifty Limited reports under IFRS. Swifty Limited Statement of Comprehensive Income For the Year Ended December 31, 2020 Net Income /(Loss) Deferred Tax Liability $ Deferred Tax Benefit Income Before Income Tax Deferred Tax Asset Current Income Tax Benefit Net Income / (Loss) Unrealized Loss on FV-OCI Investments Deferred Tax Liability Other Comprehensive Income Comprehensive Income /(Loss) $ List of Accounts 20 F3 F4 FS $ 4. % 5 & 7 2 3 6 Question 10 of 10