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London Ltd. reported the following transactions and information regarding the shares of Dolma Corp: 15 October 20X2, purchased 3,300 shares at $46 per share

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London Ltd. reported the following transactions and information regarding the shares of Dolma Corp: 15 October 20X2, purchased 3,300 shares at $46 per share plus $1,500 commission. 1 December 20X2, received $0.60 per share cash dividend. 31 December 20X2, fair value is $39 per share. 1 December 20X3, received $0.60 per share cash dividend. 31 December 20X3, fair value is $49 per share. 15 November 20X4, sold 1,100 shares at $46 per share less $860 commission. 1 December 20X4, received $0.60 per share cash dividend. 31 December 20X4, fair value is $45 per share. Required: 1. Show the amounts and accounts that would be reported in earnings and the statement of financial positi 20X4 if the company uses the: (Negative amounts should be indicated by minus sign.) a. Cost method. 20X2 20X3 20X4 Earnings Dividend revenue $ 1,650 $ 1,650 $ 1,100 Fees and commissions expense Loss on sale (1,360) Statement of financial position Investment $ 153,300 $ 153,300 102,200 OCI: Holding gain/(loss) b. FVTPL method. Earnings 20X2 20X3 20X4 Dividend revenue $ 1,650 Fees and commissions expense Holding gains (losses) Statement of financial position Investment OCI: Holding gain/(loss) c. FVOCI-Equity method; realized amounts are transferred to retained earnings. Earnings Dividend revenue Fees and commissions expense Holding gains (losses) Statement of financial position Investment OCI: Holding gain/(loss) 20X2 20X3 20X4 Transfer to Retained Earnings 0

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