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On April 1, 2021, Oriole Company purchased 32,800 common shares in Ecotown Ltd. for $12 per share. Management has designated the investment as FVTOCI. On

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On April 1, 2021, Oriole Company purchased 32,800 common shares in Ecotown Ltd. for $12 per share. Management has designated the investment as FVTOCI. On December 5, Ecotown paid dividends of $0.10 per share and its shares were trading at $14 per share on December 31. The investment in Ecotown's common shares is sold on January 15, 2022, for $467,400. Oriole has a December 31 year end. Prepare the journal entry to record the sale of the investment. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15 (To record sale of investment.)

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