Myrnam Co. has the following investments held for trading on December 31, 2021: Security Co. M common shares Category FVTPL Co. N preferred shares FVTPL Co. P common shares FVTOCI Total Instructions: Carrying Value Fair Value 185,000 160,000 125,000 140,000 230,000 190,000 540,000 490,000 a. Prepare the adjusting entries required at December 31 to report the above investments at fair value. b. Show the financial statement presentation of the investments and holding gains and losses that result from fair value adjustments at December 31, 2021. (Ignore income tax.) c. Assuming that on April 25, 2022, Myrnam sold Co. M common shares for $160,000, Co. N preferred shares for $135,000, and Co P common shares for $200,000, prepare the journal entries required to record these transactions. Round amounts to the nearest dollar. Show ALL calculations for full marks.