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Promo Corporation has the following investment portfolio at December 31, 2020, The company follows IFRS and chooses not to report separately the different incomes from

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Promo Corporation has the following investment portfolio at December 31, 2020, The company follows IFRS and chooses not to report separately the different incomes from their investments accounted for using FVNT. Required: Prepare all of the required journal entries using the recommendations you have provided above for the investment in ICCO shares for the year 2020. Round all values to nearest dollar. Identify your entries with a date. Fair value Dec 31, 2020 $1,650,000 Acet's treatment Transactions Shares in ICCO Enterprise Purchased 1,500 shares on Mar 31 for Inc. intends to sell $1,500,000 the investment Purchased 50 shares for $60,000. on June 1 with the Dividends of $50/share were received on July expectation of a 18. profit IV NI Sold 10 shares on Sept 1 for $1,300/share. For the toolbar press ALT F10 PCION ALTEN.F10 Mac) Igs Paragraph Arial 14px 111 E

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