Problem 1 The Cooper Corporation has the following investments in the shares of other corporations as at December 31, 20x3: Company Marcus Corp. Andy Inc. Rory Company Original Cost $260,000 310,000 95,000 $665,000 Carrying Value $230,000 340,000 88,000 $658,000 Fair Value $191,000 374,000 95,000 $660,000 The following transactions occurred during 20x4: Marcus was sold for $185,000 less $8,200 of brokerage fees Rory was sold for $102,000 less $3,200 of brokerage fees Bankley Corp shares were purchased for $340,000 plus $6,700 of brokerage fees At the end of the year, the fair value of Andy and Bankley was $410,000 and $280,000 respectively Required - a) Prepare all journal entries for the year assuming that the share are classified as: FVTPL b) FVTOCI. The net income for the year is $1,210,000. Prepare the bottom part of the statement of comprehensive income. Reconcile the opening balance in the A'OCI account to the ending balance