It is May 21, 2021. You, CPA, YM needs your opinion in the following transaction: As of

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It is May 21, 2021. You, CPA, YM needs your opinion in the following transaction:

As of March 2020, YM purchased 10,000 Toyota shares for 4.50 per share. The CFO intended theses shares as a long-term investment. During the purchases, YM was charged $1,450 transaction costs. CFO decided on the purchases day an irrevocable election and take all gain and loses into OCI. As of March 2021, the market value of the share increased by 0.46 per share. Due to COVIDE-19, YM decided to sell the shares. YM paid $1,500 transaction costs. At the end of the fiscal year, March 2020, the bookkeeper still has not grasped what to record. Show proper journal entries. YM is following IFRS. The Owner of YM wants to know the value of his corporation.