11.9 Various financial assets and financial liabilities LO12, 13 Santiago Adventures Ltd has entered into a number of contracts that are financial instruments as follows. (a) On 1 July 2021, the company acquired 100 000 shares in Telex Corporation Limited as a longterm investment at a cost of $500 000. The year-end market prices of Telex shares were $6.50 on 30 June 2022 and $5.50 on 30 June 2023. (b) On 1 April 2022, the company acquired 100 000 exchange traded call options in Westside Banking Corporation Ltd at a cost of $3.00 per option. The options have an exercise price of $38.00 and mature on 22 November 2022. The options have a fair value to the holder of $4.00 each on 30 June 2022 and $5.20 each on 22 November 2022 when the options are exercised. (C) On 1 October 2021, the company wrote 100 000 exchange traded call options in FoodCo Limited at a premium of $2.50 per option. The options have an exercise price of $40.00 and mature on 20 July 2022. FoodCo share price is $39.00 on 20 July 2022. The options have a fair value to the holder of $1.50 each on 30 June 2022 and nil each on 20 July 2022. (d) On 1 March 2022, the company takes a sell position on 50 units of ASX SPI 200 Futures. Each contract unit is valued at $25 per index point. The ASX SPI Futures Index is 5800 on 1 March 2022, 6500 on 30 June 2022 and 5500 on 22 September 2022 when the company closes out its position. Required Prepare the entries of Santiago Adventures Ltd for any financial assets or financial liabilities that arise in each case