before 12pm please

QUESTION 1 (20 marks): At December 31, 2021, Perth Inc. has the following investments. Assume the FVTPL investments are held for trading. Investment Category Fair Value Security Co. A common shares Co. preferred shares FVTPL Carrying Value $19,000 11,500 21,000 FVTPL $16,000 14,000 19,000 $49,000 Co. C common shares FVTOCI Total $51,500 (a) Prepare the adjusting entries required at December 31 to reflect the above information. (b) Show the financial statement presentation (balance sheet AND statements of income and comprehensive income) of the investments and related transactions and adjustments at December 31, 2021. (Ignore income tax.) BE SPECIFIC AS TO CLASSIFICATION AND ACCOUNT TITLE. (c) Assuming that on March 20, 2022, Perth sold Co. preferred shares for $13,000, and sold Co. A common shares for $17,500. Prepare the journal entries to record these transactions. Question 1 Please enter your answers in the space provided below Part A Date Description Debit Credit Part B Balance Sheet Statement of Income and Comprehensive Income Part Date Description Debit Credit