2. Prepare joumal entries to record the investment activity including the appropriate fair value adjustment on December 31 . (Round your intermediate and final answers to the neorest whole dollar amount.) Journal entry worksheet 3. Show how the investments will be reported on the December 31, 2023, balance sheet. (Round your intermediate ond final answ to the neorest whole dollar amount.) Analysis Component: If the falr value adjustment is not recorded by Safety Development Corporation, what is the impact on the financial statements? Required: 1. Prepare an amortization schedule for the Minco Inc. bond showing only 2023. (Round your intermediate and final answers to th nearest whole dollar amount. Enter all the amounts as positive values.) Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as nonstrategic investments: 2023 Feb, 7 Purchased 3,500 comon shares of Ployal bank at $27.80, plus $500 in transaction fees. 19 Purchased 2,500 comnon shares of Imperial oil at $55,09, and paid $250 in transaction fees. Apr. 1 Paid $101,085 plus $500 in transaction fees for a 7.00%, four-year, $103, ee0 Minco Inc. bond that pays interest quarterly beginning June 30 . The market rate of interest on this date was 7.40x. Sellers Corporation plans to hold this investent for the duration of the bond's contract life. May 26 Purchased 3,300 common shares of ECt at $14.68, plus $200 in transaction fees. Jume 1 Keceived a $0.25 per share cash dividend on the floyal bank comon shares. 17 Sold 2,500 Royal Bank comen shares at $28.30. 3o Received interest on the Minco Inc. bond. Aug. 5 fleceived a 50.50 per share cash dividend on the Inperial ofl comeon shares. Sept. 1 Received a $0.275 per share cash dividend on the rewaining hoyal Bank comon shares. so Received interest on the Mince Inc, bond. Dec. 11 Meceived Interest on the Minco Inc, bond. On December 31, 2023, the fair values of the investments held by Safety Development Corporation were: Royal Bank, $28.80; imperial OII, \$53.38; and BCE, \$14.80. Assume the fair value and carrying value of the Minco Inc bond were equal