On June 30, 2021, Hawks Inc. purchased 200 shares of Kwah Inc. for trading purposes, paid $30 per share less a $120 commission. On December 1, 2021, company sold 80 shares at $24 per share. On December 15, 2021, Kwah Inc. declared and paid a dividend of $3 per share. What is the amount of dividends income and gain/(loss) on disposal of investment to be included in net income on December 31, 2021. The company follows IFRS and uses the FVTPL method on this investment. Question 3Answer a. Dividend income: $600; loss on disposal $600 b. Dividend income: $360; loss on disposal $600 c. Dividend income: $600; loss on disposal $1,200 d. Dividend income: $360; loss on disposal $480 e. Dividend income: $600; loss on disposal $480

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