London Ltd. reported the following transactions and information regarding the shares of Dolma Corp 15 October 20X2, purchased 4,500 shares at $48 per share plus $1,800 commission 1 December 20X2, received $0.50 per share cash dividend 31 December 20X2, fair value is $40 per share. 1 December 20X3, received $0.50 per share cash dividend. 31 December 20X3, fair value is $51 per share. 15 November 20X4, sold 1,500 shares at $45 per share less $635 commission. 1 December 20X4, received $0.50 per share cash dividend. 31 December 20X4, fair value is $44 per share. Required: 1. Show the amounts and accounts that would be reported in earnings and the statement of financial position for 20x2,20x3. 20x4 if the company uses the: (Negative amounts should be indicated by minus sign.) a Cost method Help S 1 December 20X4, received $0.50 per share cash dividend. 31 December 20X4, fair value is $44 per share. Required: 1. Show the amounts and accounts that would be reported in earnings and the statement of financial position for 20x2,20x3, and 20x4 if the company uses the (Negative amounts should be indicated by minus sign.) a. Cost method. 20X2 20X3 20X4 Earnings Dividend revenue Fees and commissions expense Loss on sale Statement of financial position Investment OCK Holding gain/{loss) b. FVTPL method. 20X2 20X3 20X4 Earnings Dividend revenue Fees and commissions expense Holding gains (losses) Statement of financial position Investment OCI: Holding gain/(loss) Noyt