2) record the journal entries for each event described in the table above

3) present the amounts that would be reported on the income statement and statement of financial position at year-end

FULL SCREEN PRINTER VERSION RCES BACK NEXT ise Question 18 Marx Holdings Ltd., a publicly traded company, has two portfolios of investments: held for trading investments using the fair value through profit or loss model and investments in associates using the equity method. Information regarding these two portfolios is shown below: Account Balance, beginning of year Purchases of investments during the year Proceeds from sale of investments during the year Realized gain (loss) on sale of investments Dividends received Share of associates' net income Fair value of portfolio, end of year Held for Trading Investments $100,000 30,500 53,900 12,500 3,200 Investment in Associates $302,000 39,400 32,100 (10,100) 8,000 43,400 351,000 102,500 Calculate the ending balance for each investment category at the end of the year. (Enter negative amounts using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Account Held for Trading Investments Investments in Associates study. Balance, beginning of year 100,000 302,000 Purchases of Investments during the Year