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Bonita Ltd. has 421,000 common shares authorized and 127,000 shares issued on December 31, 2020. On January 2, 2021, Metlock Inc., which reports under IFRS, purchased shares of Bonita for $40 per share on the stock market from another investor. Metlock intends to hold these shares as a long-term investment and initially categorizes it as FVTOCI. Metlock's accountant prepared a trial balance as at December 31, 2021, under the assumption that the investment is valued at FVTOCI. Under this assumption, the trial balance included the following accounts and amounts related to the Bonita investment: Investments at FVTOCI $1,460,500 Dividend revenue 158,750 OCI-holding gain or (loss) 190,500 How many shares of Bonita did Metlock purchase on January 2? (Hint: Subtract the OCI-Holding Gain or Loss from the investment account.) Metlock purchased 31750 shares ercentage of Bonita does Metiock own? cowns 25 % of Bonita shares ha - Your answer is correct. What was the amount of the cash dividend per share that Metlock received from Bonita in 2021? Cash dividend per share $ 5 What was the fair value per share of Bonita shares at December 31, 2021? Fair value per share 46 Tetbal Assume that, after closely examining the situation, Metlock's auditors determine that Metlock has significant influence over Bonita. Accordingly, the investment account is adjusted to $1,401,550 at December 31, 2021. What was the profit reported by Bonita for the year ended December 31, 2021? Profit reported by Bonita $ 1161200 Assuming that Metlock has significant influence over Bonita, what amount will Metlock report on its income statement for 2021 with regard to this investment? METLOCK INC. Income Statement (Partial) Year Ended December 31, 2021 Other Revenues Income from Investment in Associate $ 1401550

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