On May 2, 2021, Monkey Inc purchased 45,000 common shares in Banana Ltd for $350,000 (which accounts for 1% of total Banana Ltd's common shares outstanding). The management of Monkey Inc. has designated the investment as FVTOCI. Banana Ltd paid $20,000 dividends during 2021 and on December 31, 2021 its shares were trading at $7.50 per share

Required: Prepare all the appropriate journal entries related to 2021, assuming Monkey Inc has a December 31 year-end).

Note - please ensure you indicate whether realized / unrealized gains and losses are income or OCI.