(Learning Objectives 1, 2: Accounting for available-for-sale and equity-method investments) The beginning balance sheet of Segui Corporation included the following:

Segui completed the following investment transactions during the year:

At year-end, the fair market values of Segui’s investments are: Hubbardston, €26,100; NEW,

€701,000.

❙ Requirements 1. Record the transactions in the journal of Segui Corporation.

2. Post entries to the T-account for Long-Term Investment in NEW and determine its balance at December 31.

3. Show how to report the Long-Term Available-for-Sale Investments and the Long-Term Investment in NEW accounts on Segui’s balance sheet at December 31.