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Tride Ltd. purchased 963 shares of Next Ltd. on July 1, 20x5 at S15.96 per share. On December 31, 20x5, the market value of the

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Tride Ltd. purchased 963 shares of Next Ltd. on July 1, 20x5 at S15.96 per share. On December 31, 20x5, the market value of the Next shares was $10.23 and on December 31, 20x6, the market value had increased to S$12.73. On February 28, 20x7, the shares of Next Ltd. were sold, and Tride Ltd. reported a Gain on FVTPL Investments of $7669. Assuming that the investment in the shares of Next Ltd. is classified as FVTPL, how much were the Next Ltd. shares sold for on February 28, 20x7? Select one: a. $23038 b. $7700 c. S4590 O d, $19928 Check

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