only use the given accounts for journal entries. dont make your own journal entries.

Question 6 of 7 -/1 View Pocies Current Attempt in Progress The following was reported by Church Financial in its December 31, 2021, financial statements: $9,500 Investments at FVTPL, December 31, 2020 Investments at FVTPL, December 31, 2021 12,900 Investment Income or(Loss! (400) Additional information: 1 The investments at FVTPL are investments in equity securities held for trading purposes 2. Investment income or loss consists of holding gain on the FVTPL investments of $2.200 and loss on sale of the FVTPL investments of $2,600 The carrying amount of the FVTPL Investmentseld was $2,400 What is the cash amount receved on the sale of the investment Amount received on the sale of the investment $ e Textbook and Media Prepare the journal entries that were recorded by Church to record the sale of the investment and the holding in on fair value adjustment at December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent melyne entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 V (To record sale of investment.) Dec 31