On August 1, Larkspur Finance Inc. buys 2,900 Datawave common shares for trading purposes for $113,100 cash. On October 15, Larkspur receives a cash dividend of $3.15 per share from Datawave. On December 1, Larkspur sells the shares for $118,900 cash.

Prepare the journal entry to record the purchase of the shares. (Credit account 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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Aug. 1	Loss on Sale of FVTPL InvestmentsInterest RevenueNo EntryInvestment Income or LossInvestment in AssociateInvestments at FVTPLCashGain on Fair Value Adjustment - FVTPL
	No EntryGain on Fair Value Adjustment - FVTPLInvestment in AssociateInvestments at FVTPLInterest RevenueCashInvestment Income or LossLoss on Sale of FVTPL Investments
	(To record purchase of investment.)

Prepare the journal entry to record the receipt of the dividend. (Credit account 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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Oct. 15	Gain on Fair Value Adjustment - FVTPLInvestment Income or LossNo EntryInterest RevenueInvestments at FVTPLLoss on Sale of FVTPL InvestmentsCashInvestment in Associate
	Loss on Sale of FVTPL InvestmentsInterest RevenueCashGain on Fair Value Adjustment - FVTPLNo EntryInvestment in AssociateInvestments at FVTPLInvestment Income or Loss
	(Collection of dividend.)

Prepare the journal entry to record the sale of the shares. (Credit account 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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 1	Investments at FVTPLLoss on Sale of FVTPL InvestmentsInterest RevenueNo EntryCashInvestment in AssociateInvestment Income or LossGain on Fair Value Adjustment - FVTPL
	Gain on Fair Value Adjustment - FVTPLCashNo EntryInterest RevenueLoss on Sale of FVTPL InvestmentsInvestments at FVTPLInvestment Income or LossInvestment in Associate
	No EntryLoss on Sale of FVTPL InvestmentsInvestment Income or LossInvestments at FVTPLInterest RevenueCashInvestment in AssociateGain on Fair Value Adjustment - FVTPL
	(To record sale of investment.)