1. Prepare entries to record the following non- strategic investment transactions of Arrowhead Investment Corporation. (20 marks) 2020 Mar. 1 Paid $69,980 to purchase a $69,000, two-year, 8% bond payable of Action Corporation dated March 1. Interest is paid quarterly beginning June 1. Management intends to actively trade bond purchases. Apr. 1 Bought 2,450 common shares of Brandon Motors at $30.00 6 May 2 Paid $47,968 to purchase a five-year, 5.5%. $49,000 bond payable of Collingwood Corporation Interest is paid annually each April 30. June 1 Received a cheque from Action Corporation regarding quarterly interest. Aug, 1 Brandon Motors' board of directors declared a dividend of $0.75 per share to shareholders of record on August 10, payable August 15. 1 Received the Brandon Motors dividend. 5 Sept 1 Received a cheque from Action Corporation regarding quarterly interest. 1 Purchased 25,900 Dauphin Inc. common shares at $3.20. 7 Oct. 2 Sold the Brandon Motors shares at $31.90. 0 Dec. 1 Received a cheque from Action Corporation regarding quarterly interest. 1 Sold the Action Corporation bond at 101. 3 Accrued interest on the Collingwood bond. The fair value of the equity security on this date 1 was Dauphin, $3.50. The carrying value equalled the fair value for the Collingwood bond. 2021 Apr. 3 Received a cheque from Collingwood Corporation regarding annual interest. 0