The following was reported by Church Financial in its December 31, 2021, financial statements: Investments at FVTPL, December 31, 2020 $13,200 Investments at FVTPL, December 31, 2021 18,000 Investment Income or (Loss) (600) Additional information: 1. The investments at FVTPL are investments in equity securities held for trading purposes. 2. Investment income or loss consists of: holding gain on the FVTPL investments of $3,000, and loss on sale of the FVTPL investments of $3,600. 3. The carrying amount of the FVTPL investment sold was $4,800.

1.Post the journal entries to the Investments at FVTPL T account.

2.Calculate the amount of investments purchased in 2021.

3. Prepare the entry to record the purchase