On January 1, 2022, ABC Company purchased 1,000 of ZYX Company's common shares (15% of common shares outstanding) for $4,000, and paid transaction costs of $400. On February 1, 2022, ZYX paid a dividend of $2.00/share to its common shareholders. On March 31, 2022, ABC's fiscal year end, the value of one of ZYX's common shares was $5. On April 28, 2022 ABC sold 1,000 of the ZYX common shares for $3,600, net of transaction costs. Required: Prepare the journal entries to record all the transactions of ABC Company and indicate where the gain or loss on the valuation of the investment would be reported, assuming management designated the investment as: i) FVTPL 

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