Martley Corp. had the following investments in its long- term investment portfolio accounted for at fair value through other comprehensive income ( FV- OCI) on December 31, 2020:

Investment

1,500 shares of Dell Inc. Common

$165,000- cost and carrying value Martley

$160,000- fair value

5,000 shares of Bell Aliant common

382,000- cost and carrying value Martley

372,000- fair value

400 shares of Able Corp. preferred shares

142,000- cost and carrying value Martley

145,200- fair value

Total

$689,000- cost and carrying value Martley

$677,200- fair value

All the investments were purchased in 2020. Martleyfollows IFRS and applies the FV- OCI model without recycling. In 2021, Martley completed the following transactions:

Mar. 1 Sold the 1,500 shares of Dell Inc. common at $ 85 per share, less fees of

$ 2,100.

Apr. 1 Bought 900 shares of N,S. Corp. common at $ 145 per share, plus fees of

$ 2,200.

Martley Corp'sportfolio appeared as follows on December 31, 2021:

Investment

900 shares of N.S. Corp. Common

$132,700- cost and carrying amount

$130,800- fair value

5,000 shares of Bell Aliant common

372,000- cost and carrying amount

380,000- fair value

400 shares of Able Corp. preferred shares

145,200- cost and carrying amount

146,000- fair value

Total

$649,900- cost and carrying amount

$656,800- fair value

Required:

Prepare the journal entry for Martley Corp for:

a)The 2020 valuation adjusting entry.

b) the sale of the Dell Inc Shares

c) the purchase of the NS Corp Shares

d) The 2021 valuation entry