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The Dulin Corporation's investments in financial assets as at December 31, 2015 were as follows: Original Carrying Fair Value Company Classification Cost Value ABC Corp. shares FV*OCI $340,000 $420,000 $380,000 DEF Inc. shares FV*OCI 140,000 120,000 135,000 GHI Inc. shares FV*PL 220,000 260,000 290,000 $700,000 $800,000 $805,000 During 2016, the following transactions took place: 1. On January 2, 2016, purchased bonds of Kelly Corporation with a face value of $100,000. The bonds mature on December 31, 2022 and pay semi-annual coupon of 5%. The bonds were purchased to yield 4.6%. Dulin classifies these bonds as FV*OCI. 2. On March 31, 2016, the shares of ABC Corp. are sold for $367,000. 3. On June 20, 2016, the shares of KLH Corporation are purchased at a cost of $250,000. These are classified FVTOCI. 4. On October 31, 2016, the shares of GHI Inc. are sold for $325,000. The fair values of the DEF and KLH as at December 31, 2016 are $144,000 and $236,000, respectively. The Kelly Corporation bonds are trading at 103. Required - Prepare the adjusting entry at December 31, 2015 as well as all journal entries for the year ended December 31, 2016 for the above transactions. Dulin is a publicly accountable entity. The Dulin Corporation's investments in financial assets as at December 31, 2015 were as follows: Original Carrying Fair Value Company Classification Cost Value ABC Corp. shares FV*OCI $340,000 $420,000 $380,000 DEF Inc. shares FV*OCI 140,000 120,000 135,000 GHI Inc. shares FV*PL 220,000 260,000 290,000 $700,000 $800,000 $805,000 During 2016, the following transactions took place: 1. On January 2, 2016, purchased bonds of Kelly Corporation with a face value of $100,000. The bonds mature on December 31, 2022 and pay semi-annual coupon of 5%. The bonds were purchased to yield 4.6%. Dulin classifies these bonds as FV*OCI. 2. On March 31, 2016, the shares of ABC Corp. are sold for $367,000. 3. On June 20, 2016, the shares of KLH Corporation are purchased at a cost of $250,000. These are classified FVTOCI. 4. On October 31, 2016, the shares of GHI Inc. are sold for $325,000. The fair values of the DEF and KLH as at December 31, 2016 are $144,000 and $236,000, respectively. The Kelly Corporation bonds are trading at 103. Required - Prepare the adjusting entry at December 31, 2015 as well as all journal entries for the year ended December 31, 2016 for the above transactions. Dulin is a publicly accountable entity

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