Corp. is a real estate developer with its headquarters in Burlington, Ontario. As a result of recent increases in land prices,

PinePine

has accumulated a substantial amount of excess cash. It is looking to invest in a building supply company but has not yet found a suitable company. To earn a reasonable return and to minimize risk,

PinePine

invests its excess cash in common shares of large, stable corporations.

Events

1.	On January 1, 20192019, PinePine paid $ 700 comma 000$700,000 to purchase 70 comma 00070,000 common shares of PenguinPenguin Inc.
2.	On December 27, 20192019, PenguinPenguin declared and paid a dividend of $ 1.50$1.50 per common share.
3.	On December 31, 20192019, the market value of the common shares was $ 728 comma 000$728,000.
4.	On June 30, 20202020, PinePine sold the common shares for $ 1 comma 120 comma 000$1,120,000.

Required

Using the following table, indicate the amounts to be reported on the balance sheet, through profit or loss, and through other comprehensive income for

20192019

and

20202020

under two scenarios.

a.	PinePine makes the irrevocable election to measure at fair value through OCI.
b.	PinePine does not make the irrevocable election to measure at fair value through OCI