Roger Corp., a company that follows IFRS, holds the following portfolio of investments at December 31, 2018, that qualify and are accounted for using the fair value through other comprehensive income (FV-OCI) method:

Quantity Fair value/share Fair value/share Fair value/share

2018 2019 2020

Tabitha Corp. 2,000 $11 $16 n/a

Lynn Inc. 5,000 $23 $19 $28

Maureen Ltd. 4,000 $31 $24 $23

To December 31, 2018, Roger had recorded a cumulative total of $15,000 (Cr) in Unrealized Gain or LossOCI in connection with the above investments.

Early in 2020, Roger sold all the Tabitha Corp. shares for $17 per share which originally cost $10 per share. Assume Roger reports net income of $100,000 for its year ended December 31, 2020 and the company follows a policy of transferring realized gains and losses from accumulated other comprehensive income directly to retained earnings.

Required:

a) Prepare the journal entry(ies) related to the investments for 2019. (3 marks)

b) Prepare the journal entry(ies) related to the investments for 2020. (7 marks)

c) What should be reported on Rogers December 31, 2020 statement of comprehensive income for the investments accounted for using the FV-OCI model? Prepare a partial 2020 statement of comprehensive income for Roger in proper form. (5 marks)