Munchies Ltd. is an investment management firm that had, at the beginning of the current year on January 1, 2021, a balance of $127,000 in its Trading Investments account (using the fair value through profit or loss model) and a balance of $526,000 in its Investment in Associates account (using the equity method). At the end of the year, these account balances were $139,000 and $637,000, respectively. During the year, dividends of $54,000 were received from associates while $11.000 was received from trading investments. In addition, the company purchased investments in associates and trading investments for cash of $129,000 and $52,000, respectively. Also, during 2021, the company received $42.000 when it sold trading investments that it carried at $30,000.