On June 30, 2017, MetroMedia Inc. purchased 10,000 of Mitek's common shares for $20 per share. Management purchased the shares for speculative pm-poses and designated them as investments at FVPTL. The following information pertains to Mitek's price per share:

MetroMedia sold its investment in Mitek's shares on February 14, 2020, at a price of $22 per share. Prepare any journal entries that are required by the facts presented in this case.

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Date Price 31/12/2017 31/12/2018 $24 31 31/12/2019 25