Question $1$ Leduc Inc. $($Leduc$)$ is a Canadian company. On September $5,2028,$ the company

purchased an equity investment for US $$90,000$ plus broker fees of US $$500.$ Leduc designated the

investment as a fair value through other comprehensive income investment. The fair value of the

shares on December $31,2028,$ Leduc's year$-$end, was US$$115,000.$ On December $18,2029,$ Leduc

sold the investment for US $$108,000.$

The relevant exchange rates are:

Required: Prepare the journal entries to record the transactions and any year$-$end adjusting entries

required.