On 1 November 20X8, Porter Company acquired the following FVTPL investments:

• Minto Corp.2,000 common shares at $15 cash per share
• Pugwash Corp.700 preferred shares at $25 cash per share

The annual reporting period ends 31 December. Quoted fair values on 31 December 20X8 were as follows:

• Minto Corporation common, $12
• Pugwash Corporation preferred, $27

The following information relates to 20X9:

2 March		Received cash dividends per share as follows: Minto Corporation, $2.10; and Pugwash Corporation, $1.25.
1 October		Sold 200 shares of Pugwash Corporation preferred at $29 per share.
31 December		Fair values were as follows: Minto common, $23, and Pugwash preferred, $26.

Required: 1. Prepare the entry for Porter Company to record the purchase of the securities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the holding loss/gain on Pugwash Co. Shares. 1 2 N Record the holding loss/gain on Minto Co. Shares. Note: Enter debits before credits. Date General Journal Debit Credit 31 Dec. 20X8 3. Show the amount that would be reported in 20X8 earnings and the asset amounts on the statement of financial position. Earnings, 20X8 Statement of financial position, 31 December 20X8: FVTPL investments, at fair value 4. Prepare the all entries required in 20X9. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list :X: 1 Record the dividends received. 2 Record the sale of 200 shares of Pugwash stock. 3 Record the adjusting entry to record fair value of Mint Co. shares. 4 Record the adjusting entry to record fair value of Pugwash Co. shares. Debit Credit