Prepare the journal entries to record all 20x3 transactions for the investment above. When preparing the December 31, 20x3 fair value adjustment entry, write two journal entries only: one for the total fair value adjustment on fVPL investments and one for the total fair value adjustment on FVOCI investments. Do not write a separate journal entry for each individual investment.

The Magnus Corporation, a publicly accountable entity, had the following investments as at December 31, 20x2: Fair Value Company Will Corp. Simon Co. Craig Inc. Frey Inc. Blandin Co. Type Shares Shares Shares Shares Bonds Classification FVPL FVPL FVOCI FVOCI FVOCI Original Carrying Cost Value $65,000 $61,000 205,000 212,000 82,000 88,000 94,000 80,000 210,106 210,106 $58,000 225,000 106,000 88,000 210,106 The Blandin Co. bonds were purchased on December 31, 20x2. The bonds have a face value of $200,000, pay interest of 4% semiannually (Jun 30 & Dec 31) and mature on December 31, 20x19. Bond issue costs were capitalized to the FVOCI investment account. The following transactions took place in 20x3: Feb 4 Sold the Simon shares for $250,000 less $10,000 in brokerage fees Mar 31 Purchased shares of Winny Inc. for $105,000 plus $6,500 in brokerage fees. The shares are classified as FVPL. April 20 Aug 12 Sold the Frey Inc. shares for $98,000 less $1,800 in brokerage fees. Purchased shares of Bane Co. for $45,000 plus $1,000 in brokerage fees. The shares are classified FVOCI. Dec 31 The fair values of the investments on hand are as follows: Will Corp. Craig Inc. Blandin Co. Winny Inc. Bane Co. $ 51,000 125,000 206,000 114,000 29,500 The Magnus Corporation, a publicly accountable entity, had the following investments as at December 31, 20x2: Fair Value Company Will Corp. Simon Co. Craig Inc. Frey Inc. Blandin Co. Type Shares Shares Shares Shares Bonds Classification FVPL FVPL FVOCI FVOCI FVOCI Original Carrying Cost Value $65,000 $61,000 205,000 212,000 82,000 88,000 94,000 80,000 210,106 210,106 $58,000 225,000 106,000 88,000 210,106 The Blandin Co. bonds were purchased on December 31, 20x2. The bonds have a face value of $200,000, pay interest of 4% semiannually (Jun 30 & Dec 31) and mature on December 31, 20x19. Bond issue costs were capitalized to the FVOCI investment account. The following transactions took place in 20x3: Feb 4 Sold the Simon shares for $250,000 less $10,000 in brokerage fees Mar 31 Purchased shares of Winny Inc. for $105,000 plus $6,500 in brokerage fees. The shares are classified as FVPL. April 20 Aug 12 Sold the Frey Inc. shares for $98,000 less $1,800 in brokerage fees. Purchased shares of Bane Co. for $45,000 plus $1,000 in brokerage fees. The shares are classified FVOCI. Dec 31 The fair values of the investments on hand are as follows: Will Corp. Craig Inc. Blandin Co. Winny Inc. Bane Co. $ 51,000 125,000 206,000 114,000 29,500