1 2 View Policies Current Attempt in Progress Sipacore Corporation, which reports under IFRS, has the following investments at December 31, 2021: Trading investments: common shares of National Bank, cost $36,500, fair value $43,400. Investment in an associate (40% ownership): common shares of Sword Corp., cost $218,200, fair value cannot be determined because the shares do not trade publicly. Sabre purchased the investment was purchased on January 1, 2021. For the year ended December 31, 2021, Sword Corp.reported net income of $46,600 and declared and paid dividends of $15,800. Equity investment: common shares of Epee Inc. (19% ownership purchased on July 1, 2021, cost $423,300, fair value at December 31, 2021, $545,200. Management intends to purchase more shares of Epee in two years. Epee earned $39,900 for the year ended December 31, 2021, and declared and paid dividends of $1,800, which sabre received at the end of each quarter in 2021. Bond investment to be held to maturity: bonds of Ghoti Ltd., purchased at a cost equal to its face value of $321.500, fair value $340,700. 3 4. Prepare a partial statement of financial position for Sipacore Corporation at December 31, 2021. SIPACORE CORPORATION Statement of Financial Position (Partial) December 31, 2021 Assets Current Assets Investment in Associates $ | Current Assets Bonds Payable List of Accounts Assistance Used Bonds Payable Cash Dividend Income Dividends Receivable Income from Associates Interest Expense Interest Income Interest Payable Interest Receivable Investment in Associates Long-Term Investments Loss on Bond Redemption No Entry Realized Gain on Long-Term Investments Realized Loss on Investment in Associates Realized Gain on Trading Investments Realized Loss on Trading Investments Revenue from Investment in Associates Trading Investments Unrealized Gain on Long-Term Investments Unrealized Loss on Long-Term Investments Unrealized Gain on Trading Investments Unrealized Loss on Trading Investments