On February 15, Alberta Inc. purchased 40,000 common shares of Banff Ltd. at $40 each, plus transaction costs totaling $12,000. During the year, Banff Ltd. paid a dividend of $1.50 per share. At year-end, the market price of Banff Ltd's common shares was $38. Assuming that Alberta Inc. accounts for this investment under the FVPL model, what is the amount to be reported for the investment in the SFP? $1,600,000$1,520,000$1,532,000$1,612,000