Pina Colada Ltd. had the following investment portfolio at January 1, 2020: Prepare the relevant parts of Pina Colada Ltd.s 2021 and 2020 comparative statements of financial position, statements of comprehensive income, and statements of changes in equity (accumulated other comprehensive income portion), and income statement where applicable, to show how the investments and related accounts are reported. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)Assume that Pina Colada Ltd. is a private enterprise that applies ASPE and accounts for its investment portfolio at cost (that is, the securities do not have actively traded market prices). Determine the amount by which the companys 2020 net income and 2021 net income would differ from the amounts reported under the assumptions given above.

			2020		2021
	Net Income		$		$

The net income wouldwould not change.