Peyton Investments completed the following investment transactions during 2024:

Requirements
1. Journalize Peyton’s investment transactions. Explanations are not required.
2. Prepare a partial balance sheet for Peyton’s Vedder investment as of December 31, 2024.
3. Prepare a comprehensive income statement for Peyton Investments for year ended December 31, 2024. Assume net income was $200,000.

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2024 Jan. 5 Jun. 30 Dec. 31 31 Purchased Vedder Company's $400,000 bond at face value. Peyton classified the investment as available-for-sale. The Vedder bond pays interest at the annual rate of 4% on June 30 and December 31 and matures on December 31, 2030. Management's intent is to keep the bonds for several years. Received an interest payment from Vedder. Received an interest payment from Vedder. Adjusted the investment to its current market value of $396,000.