Slowbit Ltd. (Slowbit), a public company, classifies all its investments in shares as fair value through other comprehensive income (FVOCI), and its policy is to transfer accumulated other comprehensive income (AOCI) to retained earnings upon derecognition of an investment. Slowbit has a December 31 year end. At December 31, 2019, Slowbit had only one FVOCI investment, an investment in 5,000 shares of Lunar Inc. The 5,000 shares of Lunar Inc. were purchased for an original cost of $215,000. At December 31, 2019, the carrying amount of the Lunar Inc. shares was adjusted to its fair market value of $180,000. During 2020, Slowbit sold all of its shares of Lunar Inc. for $165,000, purchased 1,000 shares of Moonlight Corp. for a total cost of $18,000, and purchased 2,500 shares of Nightly Inc. for a total of $45,000. On December 31, 2020, Moonlight Corp.'s shares had a market value of $23 per share, and Nightly Inc.'s shares had a market value per share of $14.50 per share. Required: Prepare the journal entries for Slowbit's transactions in 2020, including any fair value adjustments at year end