On June 30, 2021, Capitals Inc. purchased 120 shares of Latipac Inc. for trading purposes, paid $30 per share less a $72 commission. On December 1, 2021, company sold 48 shares at $36 per share. On December 15, 2021, Latipac Inc. declared and paid a dividend of $3 per share. What is the amount of dividends income and gain/loss on disposal of investment to be included in net income on December 31, 2021. The company follows IFRS and uses the FVTPL method on this investment.

a.

Dividend income: $216; gain on disposal $216

b.

Dividend income: $360; gain on disposal $216

c.

Dividend income: $216; gain on disposal $288

d.

Dividend income: $360; gain on disposal $288

e.

Dividend income: $360; gain on disposal $720