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2 (10 points) Peach City formed an investment pool on December 31 accounted for in an 7. Investment Trust Fund. The value of Peach City's

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2 (10 points) Peach City formed an investment pool on December 31 accounted for in an 7. Investment Trust Fund. The value of Peach City's investments at December 31 is $200,000 (already on the books). The next day, on January 1, Orange School District invested $800,000 in the pool. (a) Show the entries as indicated to record Orange School District's investment in the pool, assuming all investments were already marked to market: Inv Trust Fund Orange Sch Dist (b) Show the entries as indicated for the withdrawal of $300,000 by Orange School District. Inv Trust Fund Orange Sch Dist (C) What percentage interest in the pool is held by Peach City and Orange School District after Orange's withdrawal? RE

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