On December 31, 2010, Cantech Limited's portfolio of trading investments was as follows:

The following transactions occurred in 2011:
Jan. 7 Sold all of the Elana common shares at $59 per share.
10 Purchased 400 Melinda Corporation common shares at $65 per share.
26 Received a cash dividend of $1.20 per share on the Haley common shares.
Feb. 2 Received a cash dividend of $1 per share on the Renda preferred shares.
10 Sold all of the Renda preferred shares at $42 per share.
Apr. 30 Received 1,400 additional Haley common shares as a result of a 2-for-1 stock split.
July 1 Received a cash dividend of $0.60 per share on the Haley common shares.
Aug. 23 Received 20 Melinda common shares as a result of a 5% stock dividend when the price was $62 per share.
Sept. 1 Purchased an additional 400 Melinda common shares at $62 per share.
Dec. 31 The market price of Haley common shares was $37 per share and the market price of Melinda common shares was $43 per share
Instructions
(a) Record the above transactions, including required adjusting entries (if any).
(b) Show how the investments would be presented on the statement of financial position at December 31, 2011.
(c) Determine the balance in each of the income statement accounts that are affected in the transactions above and indicate how they would be presented on the income statement for the year ended December 31, 2011.
(d) How would your answers to (b) and (c) change if the fair values of the securities in the portfolio could not be obtained?

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Quantity 1,000 1,400 800 Carrying Amount $56,000 98,000 36,000 $190,000 Fair Value $56,000 98,000 36,000 $190,000 Elana Ltd. common shares Haley Ltd. common shares Renda Corp, preferred shares