On Jan $1,$ Y$34$ Market Gorom Inc $($MGI$)$ purchased $10,000$ common shares $(10\%$ of total shares$)$ of Akij Tech Inc $($AKI$),$ by paying cash $$12$ per share. MCI cavities this investment as Fair Value Through Profit and Loss $($FVTPL$).$ No significant influence was established by MGI over AKI after this transaction. Market Price information of the shares a provided belowMG Sold $2,000$ AKI shares on Dec $1,$ Y$15$ and $1,500$ shares on Dec $1,$ Y$17.$Dec $1$Dec $31$Y$14$$$11\mathrm{.}50$$$11\mathrm{.}75$Market Price of AKI SharesY$15$$$11\mathrm{.}75$$$12\mathrm{.}00$Y$16$$$12\mathrm{.}50$$$12\mathrm{.}75$Y$17$$$10\mathrm{.}30$$$10\mathrm{.}10$Y$18$$$12\mathrm{.}00$$$12\mathrm{.}00$Shaded Space for Q$-4$Required: Create Journal Entries for the following dates related to AKI share transactions and adjustments. If no entry is needed, select $"$No Entry Required" and Put $10"$ in amount columns.DrCrDr AmountCr AmountDec $31,$ Y$15$Full MarkMoveDec $31,$ Y$17$Space for CalculationOn Jan $1,$ V$14$ Market Gorom inc $($MGI$)$ purchased $10,000$ common shares $(10\%$ of total shares$)$ of Akjj Tech Inc $($AKI$),$ by paying cash $$12$ per share. MGI davsities this inweiment as fali Value Through Profit and Loss $($FVIPL$).$ No significant influence was established by MGI over AKI after this transaction. Market Price information of the shares & prosidied thelow MGi Sold $2,000$ AKI shares on Dec $1,$ Y$15$ and $1,500$ shares on Dec $1,$ Y$17.$

Shaded Space for Q$-4$

Required: Create Journal Entries for the following dates related to AKI share transactions and adjustments. If no entry is needed, select $"$No Entry Required" and

Full Mark

fowd

Put $"0^{**}$ in amount columns.

Dec$31,$ Y$15$

Dr

Cr

DrAmount

Cr Amount

Dec $31,Y17$

Space for Calculation