part C please!

Current Attempt in Progress During 2020. Financial Holdings a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Quantity Cost Market Value Security Sabo common shares PYK $1.50 preferred shares 1.000 $18,000 $16,500 2.000 30,000 30.500 Total $48,000 $47.000 The following transactions with respect to Financial Holdings investments occurred during 2021 Jan 15 Purchased 1.500 common shares of Hazmi for $18.00 per share. The shares are designated as fair value through other comprehensive income The following transactions with respect to Financial Holdings investments occurred during 2021: Jan. 15 Mar. 20 Purchased 1,500 common shares of Hazmi for $18.00 per share. The shares are designated as fair value through other comprehensive income Received dividends on the PYK preferred shares of $1.50 per share. Sold 500 of the Sabo common shares for $18.75 per share. Received dividends on the Sabo common shares of $2.00 per share. Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split June 15 Aug 5 Oct. 15 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Price Security $19.00 Sabo common shares 1675 Price $19.00 Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares 16.75 8.50 (a) Your answer is correct Show how the securities would be reported on Financial Holdings December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partiall FINANCIAL HOLDINGS Balance Sheet (Partial) December 31, 2020 Current Assets Investments at Fair value through Profitor Loss $ 47,000 Attempts: 2 of 2 used (b) Your answer is partially correct Record Financial Holdings 2021 transactions and any required adjusting iournal entries at December 31, 2021. (Credit account Date Account Titles and Explanation Debit Credit Jan 15 Investments at FVTOCI 27,000 Cash 27,000 (To record purchase of investment.) Mar. 20 Cash 3.000 Investments at FVTPL 3,000 (Collection of dividend.) June 15 Cash 9.375 Investments at FVTPL 9.075 DO Investment Income or Loss 300 June 15 Cash 9,375 Investments at FVTPL 9.075 Investment Income or Loss 300 (To record sale of investment) Aug 5 Cash 1.000 Loss on Sale of FVTPL Equity 1.000 (Collection of dividend) Oct 15 Investments at FVTPL 875 875 Investments at FVTOCI Dec. 31 Investments at FVTPL 3,000 Dec 31 Investments at FVTPL 3,000 Investments at FVTOCI 3,000 (To record fair value adjustment.) Dec 31 OCI-Holding Gain or loss 1,500 Investments at FVTPL 1,500 (To record fair value adjustment.) Attempts: 2 of 2 used (c) Show how the investment Income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021. (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) Year Ended December 31, 2021 Other Revenues $ Gain on Sale of Fair Value Through Proft or Loss Investments FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) SUMONO Income Statement (Partial) Year Ended December 31, 2021 Other Revenues Gain on Sale of Fair Value Through Profit or Loss Investments $ FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) Other Revenue