Schmidt Inc. (Schmidt), a publicly accountable entity, had the following investments as at its fiscal year ended December 31, 2018: Company Yiruma Corp. Type Classification Original cost Carrying Fair value value Shares FVPL $45,000 $56,000 $53,000 Croin Ltd. Shares FVPL 26,000 45,000 58,000 Sitoland Co. Bonds FVOCI 84,756 84,756 84,756 Stewart Inc. Shares FVOCI-elect 76,000 85,000 98,000 McLaugh Inc. Shares FVOCI-elect 65,000 58,000 50,000 *FVPL fair value through profit or loss *FVOCI fair value through other comprehensive income The Sitoland Co. bonds were purchased on December 31, 2018, with a face value of $80,000. The bonds mature on December 31, 2027, and pay interest semi-annually on June 30 and December 31 at 5% per annum. Schmidt's policy is to transfer the net balance of accumulated other comprehensive income (AOCI) to retained earnings upon derecognition of FVOCI-elect The following transactions took place during 2019: On January 16, Schmidt sold the Croin Ltd. shares for $62,000. On March 15, Schmidt purchased shares of Cardall Inc. for $65,000. The shares are classified as FVPL On June 12, Schmidt sold the McLaugh Inc. shares for $45.000 On October 23, Schmidt purchased shares of Klass Co. for $12,000. The shares are classified FVOCI-elect On December 31, the fair values of the investments on hand were as follows Company Yiruma Corp. Fair value $ 61,000 Stewart Inc. Sitoland Co. Cardall Inc. Klass Co. 120,000 82,400 71,500 13.500