Pronghorn Corporation had the following portfolio of investments at December $31,2023$ that qualified and were accounted for using the FV$-$OCI method:

Quantity Percent

Interest Cost per

Share Fair Value

per Share

Frank Inc. $1,900$ shares $8\%$ $$10$ $$15$

Ellis Corp. $5,200$ shares $14\%2521$

Mendota Ltd$.4,200$ shares $2\%3024$

Early in $2024,$ Pronghorn sold all the Frank Inc. shares for $$16$ per share, less a $1\%$ commission on the sale. On December $31,2024,$ Pronghorn$$s portfolio consists of the following common shares:

Quantity Percent

Interest Cost Fair Value

per Share

Ellis Corp. $5,200$ shares $14\%$ $$25$ $$29$

Mendota Ltd$.4,200$ shares $2\%3023$

Kaptein Inc. $2,500$ shares $1\%2522$

Assume that Pronghorn reports net income of $$159,300$ for its year ended December $31,2024$ and that the company follows a policy of capitalizing transaction costs. Realized gains and losses on equity investments are reclassified from accumulated other comprehensive income directly to retained earnings.

What should be reported on Pronghorn$$s December $31,2024$ statement of financial position for these investments?What should be reported on Pina Colada's December $31,2023$ statement of financial position for this long$-$term portfolio? $($Enter

negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Pina Colada Corporation

Statement of Financial Position

As at December $31,2023$

Long$-$term Investments

Investments, at Fair Value with Gains and Losses in OCl

Shareholders' Equity

Accumulated Other Comprehensive Income $/($Loss$)$

$($b$)$

What should be reported on Pina Colada's December $31,2024$ statement of financial position for these investments? $($Enter

negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Pina Colada Corporation

Statement of Financial Position

As at December $31,2024($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Pronghorn Corporation

Statement of Financial Position

$

$

eTextbook and Media

Pronghorn Corporation

Statement of Financial Position

$

$

eTextbook and Media

List of Accounts

What should be reported on Pronghorn$$s $2021$ statement of comprehensive income for the investments accounted for using the FV$-$OCI model? Prepare a partial $2021$ statement of comprehensive income for Pronghorn and provide an entry for classifying holding gains or losses to Retained Earnings on equity investments sold during $2021.($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).$ Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Pronghorn Corporation

Statement of Comprehensive Income

$

$

Account Titles and Explanation

Debit

Credit

$($To reclassify realized gains $-$ Frank Inc. shares$)$