ACDC Corp., a company that follows IFRS, holds 10,000 preferred shares of Tabitha Corp. The investment is not considered significant and has been accounted for under the fair value through other comprehensive income (FV-OCI) model. In previous years, ACDC had recorded a cumulative total of $15,000 (Cr) in "Unrealized Gain or Loss- OCI" in connection with the Tabitha investment. The shares are sold for $275,000, which is $12,000 more than the current carrying value of $263,000. Required: Prepare the following entries: The entry required to adjust this investment to its fair value at the date of sale . b. The sale of the investment . The reclassification entry assuming ACDC follows IFRS 9