On January 1, 2021, Swift Inc. purchased 30% of the common shares of Laine Corp. for $399,000. These shares are not traded in any active markets. The carrying value of Laine's net assets at the time of the shares purchase was $1.2 million. Any excess of the purchase cost over the investment is attributable to unrecorded intangibles with a 10-year life. The following information relates to Laine Corp in 2021: Net Income and Total Comprehensive Income Dividends Paid Fair Value of the Investment $76,000 $34,000 $416,000 The following information relates to Laine Corp in 2022: Net Loss and Total Comprehensive Loss Dividends Paid Fair Value of the Investment $18,000 50 $388,000 Instructions: a) Prepare all the relevant entries for 2021 and 2022 assuming no significant influence. Assume that Swift Inc. follows IFRS and accounts for the investment as a FVNI investment. b) How is the comprehensive income affected in 2021 and 2022 in part (ay?