On January 1,2023 , Lima Company acquired 40,000 shares, representing 20% of the outstanding shares of Tango Limited, at a price of $15 per share. On July 31,2023 , Tango declared and paid a dividend of $1 per share. Tango's net income for 2023 was $250,000. On December 31,2023 , the shares of Tango were trading on the Toronto Stock Exchange at $18 per share. Required Lima is not sure how to report its investment in Tango shares. Using the following format, indicate the amounts that would appear on the balance sheet and the statement of comprehensive income for 2023 if the investment (a) has been irrevocably elected to be measured at fair value through OCl, (b) is classified as FVPL, or (c) is an associate