The following information is available about Swifty Corp.s investments at December 31, 2017. This is the first year Swifty has purchased securities for investment purposes.

Securities		Cost				Fair Value
3,350 shares of Petra Corporation common shares			$40,200			$46,200
1,000 shares of Dugald Inc. preferred shares			20,000			17,000
			$60,200			$63,200

Assume that Swifty Corp. follows IFRS and applies IFRS 9.

Prepare the adjusting entry for December 31, 2017, assuming the investments are acquired for trading purposes and accounted for using the FV-NI model with no separate reporting of dividends and other types of FV-NI investment income and losses

Prepare the adjusting entry for December 31, 2017, assuming the investments are accounted for using the FV-OCI model