On December 31, 2020, CFR Co. provided the following information as at December 31, 2020 about its investment accounts that it acquired for trading purposes: Carrying Amount ABC Ltd. shares Ace Ventura Corp. shares Shrek Ltd. Shares $15,000 24,300 75,000 Fair Value $17,500 22,500 80,200 During 2021, Ace Ventura Corp. shares were sold for $23,000 and 50% of the Shrek shares were sold for $42,000. At the end of 2021, the fair value of ABC shares was $19,200 and Shrek Ltd. was $41,000. CFR follows IFRS. Required: a. Prepare the adjusting entry for December 31, 2020, if any. b. Prepare the entry for the Ace Ventura and Shrek sales. c. Prepare the adjusting entry for December 31, 2021, if any