On January 1, 2020, LL Company acquired 20,000 shares, representing 20% of the outstanding shares of IT Limited, at a price of $15 per share. On July 31, 2020, TT declared and paid a dividend of $1 per share. TT's net income for 2020 was $250,000. On December 31, 2020, the shares of TT were trading on the Toronto Stock Exchange at $18 per share. Required LL is not sure how to report its investment in TT shares. Using the following format, indicate the amounts that would appear on the balance sheet and the statement of comprehensive income for 2020 if the investment (a) has been irrevocably elected to be measured at fair value through OCI, (b) is classified as FVPL, or (C) is an associate. FVPL Associate Complete the table below. (Enter a "0" for any zero balances.) Fair value through OCI election Balance sheet Investment in IT shares Statement of comprehensive income Dividend income Other income (specify types) Subtotal (= effect on net income) Other comprehensive income $ 80,000 $ 80,000 $ 50,000 Total (= effect on comprehensive income)