Question #6 - Cost, FVTPL, FVOCI: London Ltd. reported the following transactions and information regarding the shares of Dolma Corp: 15 October 2015, purchased 3,000 shares at $42 per share plus $1,200 commission. 1 December 2015, received $0.50 per share cash dividend. 31 December 2015, fair value is $38 per share. 1 December 2016, received $0.50 per share cash dividend. 31 December 2016, fair value is $45 per share. 15 November 2017, sold 1,000 shares at $41 per share less $450 commission. 1 December 2017, received $0.50 per share cash dividend. 31 December 2017, fair value is $40 per share. Required: For EACH of the following methods: 1. FVTPL method. 2. FVOCI-Equity method; realized amounts are transferred to retained earnings. a. Record the journal entries for 2015, 2016, and 2017. b. Show the amounts that would be reported in the statement of financial position for 2015, 2016, and 2017 Question #6 - Cost, FVTPL, FVOCI: London Ltd. reported the following transactions and information regarding the shares of Dolma Corp: 15 October 2015, purchased 3,000 shares at $42 per share plus $1,200 commission. 1 December 2015, received $0.50 per share cash dividend. 31 December 2015, fair value is $38 per share. 1 December 2016, received $0.50 per share cash dividend. 31 December 2016, fair value is $45 per share. 15 November 2017, sold 1,000 shares at $41 per share less $450 commission. 1 December 2017, received $0.50 per share cash dividend. 31 December 2017, fair value is $40 per share. Required: For EACH of the following methods: 1. FVTPL method. 2. FVOCI-Equity method; realized amounts are transferred to retained earnings. a. Record the journal entries for 2015, 2016, and 2017. b. Show the amounts that would be reported in the statement of financial position for 2015, 2016, and 2017