Item$8$

$4$

points

Time Remaining $3$ hours $28$ minutes $42$ seconds$03$:$28$:$42$

eBookReferencesItem $8$

Time Remaining $3$ hours $28$ minutes $42$ seconds$03$:$28$:$42$

Her Company purchased $16,000$ common shares $(20\%)$ of Him Inc. on January $1,$ Year $4,$ for $$272,000.$ Additional information on Him for the three years ending December $31,$ Year $6,$ is as follows:

Year Net Income Dividends

Paid Market Value

per Share at

December $31$

Year $4$ $$160,000$ $$120,000$ $$18$

Year $5180,000128,00020$

Year $6192,000140,00023$

On December $31,$ Year $6,$ Her sold its investment in Him for $$368,000.$

Required:

$($a$)$ Compute the balance in the investment account at the end of Year $5,$ assuming that the investment is classified as $($Omit $ sign in your response.$)$

$($i$)$ FVTPL

Balance in investment account $

$($ii$)$ Investment in associate

Balance in investment account $

$($iii$)$ FVTOCI

Balance in investment account $