Question 7 At December 31, 2017, the equity investments of Pina Colada Inc. that were accounted for using the FV-OCI model without recycling (application of IFRS 9) were as follows: Investment Ahn Inc. Burnham Corp. Chi Ltd. Total Cost and Carrying Amount $178,700 123,900 74,500 $377,100 Unrealized Fair Value Gain (Loss) $155,000 $(23,700) 143,400 19,500 77,000 2,500 $375,400 $(1,700) Because of a change in relationship with Ahn Inc., Pina Colada Inc. sold its investment in Ahn for $156,400 on January 20, 2018. No other investments were acquired or sold during 2018; however, a dividend of $1,300 was received from Burnham Corp. in June. At December 31, 2018, the fair values of Burnham and Chi shares were $156,850 and $74,100, respectively. (a) Prepare the entry to adjust the portfolio of investments to fair value at December 31, 2017. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2017 SHOW LIST OF ACCOUNTS LINK TO TEXT