Whispering Winds Corporation made the following purchases of investments during 2020, the first year in which Whispering Winds invested in equity securities:

1.		On January 15, purchased 10,530 shares of Nirmala Corp.s common shares at $39.20 per share plus commission of $2,316.
2.		On April 1, purchased 5,850 shares of Oxana Corp.s common shares at $61 per share plus commission of $3,943.
3.		On September 10, purchased 8,190 shares of WTA Corp.s preferred shares at $31.00 per share plus commission of $3,405.

On May 20, 2020, Whispering Winds sold 3,510 of the Nirmala common shares at a market price of $41 per share less brokerage commissions of $3,335. The year-end fair values per share were as follows: Nirmala $35, Oxana $64, and WTA $33. The chief accountant of Whispering Winds tells you that Whispering Winds Corporation holds these investments with the intention of selling them in order to earn short-term profits from appreciation in their prices and accounts for them using the FV-NI model. Assume that Whispering Winds Corporation follows IFRS 9.

1.Prepare the journal entries to record the three investments. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 2.Prepare the journal entry for the sale of the 3,510 Nirmala shares on May 20. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 3.Prepare the adjusting entry needed on December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 4.Repeat the parts above, assuming the investments are accounted for using FV-OCI with no recycling. Whispering Windss policy is to capitalize transaction costs on the acquisition of FV-OCI investments and reduce the proceeds on disposal. In addition, the company reclassifies any gains or losses on disposition to Retained Earnings. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) 5.What is the amount that will be reported as other comprehensive income for the year ended December 31, 2020? Show the wording that would appear on the comprehensive income statement. (If an amount reduces the account balance then enter with negative sign.) 6What will be the balance in Accumulated Other Comprehensive Income on December 31, 2020? (If an amount reduces the account balance then enter with negative sign.)