Show Attempt History Current Attempt in Progress Swifty Corp. has the following portfolio of securities acquired for trading purposes and accounted for using the FV-NI model at September 30, 2020, the end of the company's third quarter: Investment Cost Fair Value 53.000 common shares of Yuen Inc. $355,100 $212,000 4,300 preferred shares of Monty Ltd. 163,400 172,000 171,000 170,050 1.900 common shares of Oakwood Inc. On October 8, 2020, the Yuen shares were sold for $6.70 per share. On November 16, 2020, 3,000 common shares of Patriot Corp. were purchased at $44.90 per share. Swifty pays a 1% commission on purchases and sales of all securities. At the end of the fourth quarter, on December 31, 2020, the fair values of the shares held were as follows: Monty $103,700; Patriot $119,500; and Oakwood $192,850. Swifty prepares financial statements every quarter. Prepare the journal entries to record the sale, purchase, and adjusting entries related to the portfolio for the fourth quarter of 2020. (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 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit ct. 8 Cash 355,100 Gain on Disposal of Investments - FV-NI 143,100 212,000 FV-NI Investments 134.700 Nov. 16 FV-NI Investments 8,600 8,600 Commission Expense 172,000 Cash 134,700 V ec. 31 Investment Income or Loss 134,700 FV-NI Investments Indicate how and where the investments would be reported on the December 31, 2020 statement of financial position Swifty Corp. Statement of Financial Position (Partial) As at December 31, 2020 Current Assets 53,050 Trading Equity Investments