1. Midland Company's investment activities from 2022 to 2023 are recorded below. Its year-end is December 31. Midland Company reports its investments according to ASPE.

1) On January 21, 2022, Midland Company purchased 400 common shares of Huntsmen Holding on the Toronto Stock Exchange at $18.57 per share. This represents a very small percentage of outstanding shares in the company, and Midland Company plans to keep these for more than one year. 2) On July 30, 2022, Midland Company received dividends from Huntsmen Holding of $1.08 per share. 3) On December 31, 2022, the trading price of Huntsmen Holding went up to $19.60 per share. 4) On January 28, 2023, Midland Company sold all Huntsmen Holding shares at $21.53 per share. Required Record journal entries for Midland Company's investment activities.

2. Burroughs Corporation (with a December 31 year-end) issued $448,000, 5% bonds due in 9 years on May 1, 2023. Interest is paid semi-annually on October 31 and April 30 of each year. On the issuance date, the market rate of interest was 6%, resulting in a price of $417,194 for these bonds. The premium/discount is amortized using the straight line amortization method.

d) Show the balance sheet presentation of Bonds Payable and related accounts as at December 31, 2023. Do not use the negative sign.

Bonds Payable
Unamortized Premium/Discount
Book Value