on 1 november 20×8 porter company acquired the fol lowing fvtpl investments

Required:
1. Give the entry for Porter Company to record the purchase of the securities.
2. Give the adjusting entries needed at the end of 20X8.
3. List the amount that would be reported in 20X8 earnings and the asset amounts on the statement of financial position.
4. Give all entries required in 20X9.
5. List the amount that would be reported in 20X9 earnings and the asset amounts on the statement of financial position.
6. Repeat requirement (5), assuming that both the investments were originally designated FVTOCI investments. Include the balance of the AOCI equity reserve for holding gains for the SFP amounts. The holding gain amounts are not reclassified after realization.