Question $4$: Investments $(15$ marks$)20$ minutes On January $1,2020,$ ABC Company purchased ordinary shares of three companies classified as non$-$trading securities where each investment represents less than a $20$ percent interest costs: On December $31,2020,$ the fair values were $\backslash (\backslash$mathbf$\{\backslash$$ $85,000\},\backslash$mathbf$\{\backslash$$ $122,000\}\backslash )$ and $\backslash (\backslash$mathbf$\{\backslash$$ $149,000\}\backslash ),$ respectively for Companies $\backslash (\backslash$mathrm$\{$X$\},\backslash$mathrm$\{$Y$\}\backslash )$ and Z $.$ On March $1,2021,$ ABC sold all of its shares in Company Y for $\backslash$$$125,000.$ On July $31,2021,$ ABC received cash dividend of $\backslash (\backslash$mathbf$\{\backslash$$ $3,000\}\backslash )$ from Company X on its investment. On December $31,2021,$ the fair values were $\backslash (\backslash$mathbf$\{\backslash$$ $87,000\}\backslash ),$ and $\backslash (\backslash$mathbf$\{\backslash$$ $155,000\}\backslash )$ respectively for Companies X and Z $.$ Required: Prepare all related journal entries on: $1.$ January $1,20202.$ December $31,20203.$ March $1,20214.$ July $31,20215.$ December $31,2021$