Venture Investments purchased the following securities on August 1, 2020.

5,000 common shares of Rising Star Co: $22,500

10,000 common shares of Meteor Inc.: $65,000

Management decided to classify these investments as fair value through other comprehensive income. On December 31, 2020, the market value of the securities was:

Rising Star Co.: $26,250

Meteor Inc.: $59,500

On March 15, 2021, Venture completed the following securities transaction:

Purchased 500 common shares of Gemini Corp at $18.50 per share, plus fees of $500. Venture classified this investment as fair value through net income.

On December 31, 2021, the market value of Venture's investments were: Rising Star Co.:

$24,750 Meteor Inc.:

$73,000 Gemini Corp.:

$10,200

Required: 1. Prepare the journal entries for:

a) The 2020 year-end adjusting entries for the 2020 investments;

b) The 2021 purchase of Gemini Corp. shares;

c) The 2021 year-end adjusting entries

2. Assuming that Venture has no other investments, what is the ending balance in accumulated other comprehensive income on December 31, 2021?