(X) Corporation (whose year end is December 31 of each year) has made a series of investments in (Y) Corp., one of their major customers. The management of (X) has been impressed by the products produced and sold by (Y) and their market success. These investments are only going to be held for a short period of time. The market price of (Y) stock on December 31, 2019 and 2020 was $200 and $250 respectively per share. Dividends of $1.00 per share were declared and paid on December 31 of each year. The following are the purchases and sales that (X) entered into in 2019 and 2020:

Date	No. Of Shares	Total	Cost (per share)
March 31, 2019	1,000	1,000	$75
June 30, 2019	1,000	2,000	$125
September 30, 2019	1,000	3,000	$175
September 30, 2020	(3,000)	0	$240

Assume that (X) accounts for its investment in (Y) Corp. at fair value through other comprehensive income (FVTOCI). Required: (a) Prepare the journal entries to record the transactions in 2019 and 2020 with respect to (X)'s investment in (Y). (10 marks) (b) How would (X) disclose the investment in (Y) on its balance sheet? (5 marks)