Activet Corporation, a Canadian-based international company that follows IFRS 9, has the following securities in its portfolio of investments acquired for trading purposes and accounted for using the FV-NI method on December 31, 2016:

In 2017, Activet completed the following securities transactions:
Mar. 1Sold the 1,500 shares of David Jones Inc. common at $45 per share, less fees of $500.
Apr. 1Bought 700 shares of Oberto Ltd. common at $75 per share, plus fees of $1,300.
Activet Corporation's portfolio of trading securities appeared as follows on December 31, 2017:

Instructions
Prepare the Activet Corporation general journal entries for the following, assuming the company does not recognize and report dividends and other components of investment gains and losses separately:
(a) The December 31, 2016 adjusting entry
(b) The sale of the David Jones Inc. shares
(c) The purchase of the Oberto Ltd. Shares
(d) The December 31, 2017 adjusting entry

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Carrying Amount (before adiustment) Investments 1,500 shares of David Jones Inc., common 5,000 shares of Hearn Corp., common 400 shares of Alessandro Inc., preferred Fair Value $69,000 175,000 61,600 $305,600 $71,500 180,000 60,000 $311,500 Investments 5,000 shares of Hearn Corp., common 700 shares of Oberto Ltd., common 400 shares of Alessandro Inc., preferred Original Cost $180,000 52,500 60,000 $292,500 Fair Value $175,000 50,400 58,000 $283,400