The following information is available about Novak Corp's investments at December 31, 2020. This is the first year Novak has purchased securities for investment purposes. Securities Cost Fair Value 3,320 shares of Petra Corporation common shares $64,740 $71540 910 shares of Dugald Inc. preferred shares 19.110 15.810 $83.850 $87,350 Assume that Novak Corp. follows IFRS. Prepare the adjusting entry for December 31, 2020, assuming the investments are acquired for trading purposes and accounted for using the FV-N1 model with no separate reporting of dividends and other types of FV-NI Investment income and losses. (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) Account Titles and Explanation Credit Debit e Textbook and Media List of Accounts Prepare the adjusting entry for December 31, 2020, assuming the investments are accounted for using the FV.OCI model (Credit account titles are automatically indented when the amount is entered. Do not indent manually no entry is required, select "No Entry for the account titles and enter for the amounts: Debit Credit Account Titles and Explanation