Orion Ltd is an investment company that primarily trades in shares on the Australian Securities Exchange and occasionally trades in debt instruments available on the market. For accounting purposes, its equity instruments (shares) are measured at fair value through the profit and loss account using trade date accounting. The settlement date is T+3 (settle in three business days). Any debt instruments are initially measured at fair value and subsequently measured at amortised cost.

a) Orion Ltd is an investment company that primarily trades in shares on the Australian Securities Exchange and occasionally trades in debt instruments available on the market. For accounting purposes, its equity instruments (shares) are measured at fair value through the profit and loss account using trade date accounting. The settlement date is T+3 (settle in three business days). Any debt instruments are initially measured at fair value and subsequently measured at amortised cost. During the year ended 31 December 2020, the company made the following share trades in Woolworths Ltd: Trade date Quantity Price/share Action Brokerage fees 4/11/20 10,000 $80 Buy $400 30/1 1/20 2,000 $85 Sell $400 31/12/20 5,000 $84 Buy $400 The closing market price of Woolworths Ltd shares on 31 December 2021 was $86. Required: Prepare the journal entries necessary to record the above trades in Woolworths Lid's shares for the years ended 31 December 2020 and 31 December 2021. Show all workings and narrations. Entries should be rounded to the nearest dollar. (9 marks)