Question 1 (13 marks) (24 minutes) The Dulin Corporation's investments in financial assets as at December 31, 2015 were as follows: Original Cost Carrying Value Fair Value Classification Company ABC Corp. shares DEF Inc. shares GHI Inc. shares FVTOCI FVTOCI FVTPL $340,000 140,000 220,000 $420,000 120,000 260,000 120 $380,000 135,000 290,000 $700,000 $800,000 $805.000 During 2016, the following transactions took place: On January 2, 2016, purchased bonds of Kelly Corporation with a face value of $100,000. The bonds mature on December 31, 2022 and pay semi-annual coupon of 5%. The bonds were purchased to yield 4.6%. Dulin classifies these bonds as FVTOCI. On March 31, 2016, the shares of ABC Corp. are sold for $367,000. On June 20, 2016, the shares of KLH Corporation are purchased at a cost of $250,000. These are classified FVTOCI. 4. On October 31, 2016, the shares of GHI Inc. are sold for $325,000. The fair values of the DEF and KLH as at December 31, 2016 are $144,000 and $236,000, respectively. The Kelly Corporation bonds are trading at 103. Required - Prepare the adjusting entry at December 31, 2015 as well as all journal entries for 2016 for the above transactions. Dulin is a publicly accountable entity