Landers Inc. had the following transactions involving non-strategic investments during 2014.

Required
1. Prepare an amortization schedule for the Littleton bond showing only 2014 and 2015.
2. Prepare journal entries to record the preceding transactions.
3. Show how Landers Inc.€™s investments will appear on its December 31, 2014, balance sheet.
Analysis Component: How is the unrealized loss recorded on the Dofasco shares on December 31, 2014, different from the loss on sale of investment recorded on February 16,2015?

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2014 1 Apr. Paid $100,000 to buy a 90-day term deposit, $100,000 principal amount, 596, dated April 1 Purchased 3,000 common shares of Dofasco Ltd. at $22.25 Purchased 1,800 common shares of Power Corp. at $49.50 Purchased 700 common shares of Westburne Ltd. at $15.75 Purchased for $67,412 a 7%, $65,000 Littleton Inc. bond that matures in eight years when the market interest rate was 6.4%. Interest is paid semi annually beginning December 31, 2014. Landers Inc. plans to hold this investment until maturity Received a cheque for the principal and accrued interest on the term deposit that matured on June 30 Received a $0.95 per share cash dividend on the Dofasco common shares Sold 1,500 of the Dofasco common shares at $26.00 12 9 20 1 June July 3 15 28 Sept. Received a $2.10 per share cash dividend on the Power Corp. common 15 31 shares. Received a $1.35 per share cash dividend on the remaining Dofasco common shares owned Received the interest on the Littleton bond The fair values of Landers Inc.'s investments on this date were: Dofasco shares, $24.60; Power Corp. shares, $42.35; Westburne shares, $16.05 Assume the fair value and the carrying value of the Littleton bond were equal Dec. 31 2015 16 Feb Sold the remaining Dofasco shares at $26.25