In 20X1, FYY Ltd. purchased 1,800 shares of Humor Inc. for $45,000 plus $1,800 in commission. The shares had a fair value of $57,400 at the end of 20X1, $64,700 at the end of 20X2, and $80,350 at the end of 20X3. In 20X4, the shares were sold for $70,900 less $1,800 in commission. In each of 20X1, 20X2, and 20X3, dividends of $4,320 were received. Required: 1. Prepare journal entries for 20X1 to 20X4, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Assuming FYY reports using ASPE and the cost method.

b. Assuming FYY reports using IFRS and the fair value through another comprehensive income method; realized amounts are transferred to retained earnings. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)