The Magnus Corporation, a publicly accountable entity, had the following investments as at December 31, 20x2:

The Blandin Co. bonds were purchased on December 31, 20x2. The bonds have a face value of $200,000, pay interest of 4% semiannually (Jun 30 & Dec 31) and mature on December 31, 20x19. Bond issue costs were capitalized to the FVOCI investment account.

The following transactions took place in 20x3:

Feb 4 - Sold the Simon shares for $250,000 less $10,000 in brokerage fees

Mar 31 - Purchased shares of Winny Inc. for $105,000 plus $6,500 in brokerage fees. The shares are classified as FVPL.

April 20 - Sold the Frey Inc. shares for $98,000 less $1,800 in brokerage fees.

Aug 12 - Purchased shares of Bane Co. for $45,000 plus $1,000 in brokerage fees. The shares are classified FVOCI.

Dec 31- The fair values of the investments on hand are as follows:

Required

Prepare a t-account showing the transaction in the AOCI account from the beginning to the end of the year. Prove the ending balance.

Original Cost Carrying Value Fair Value Company Will Corp. Simon Co. Craig Inc. Frey Inc. Blandin Co. Type Shares Shares Shares Shares Bonds Classification FVPL FVPL FVOCI FVOCI FVOCI $65,000 205,000 82,000 94,000 210,106 $61,000 212,000 88,000 80,000 210,106 $58,000 225,000 106,000 88,000 210,106 Will Corp. Craig Inc. Blandin Co. Winny Inc. Bane Co. $ 51,000 125,000 206,000 114,000 29,500