3 Assignment i N Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as non- strategic Investments: 2023 Feb. 7 Purchased 3,900 common shares of Royal Bank at $28.20, plus $500 in transaction fees. 19 Purchased 2,900 common shares of Imperial Oil at $56.00, and paid $250 in transaction fees. Apr. 1 Paid $105,053 plus $500 in transaction fees for a 7.88%, four-year, $187,000 Minco Inc. bond that pays interest quarterly beginning June 30. The market rate of interest on this date was 8.20%. Sellers Corporation plans to hold this investment for the duration of the bond's contract life. May 26 Purchased 3,700 common shares of BCE at $15.08, plus $200 in transaction fees. June 1 Received a $0.25 per share cash dividend on the Royal Bank common shares. 17 Sold 2,900 Royal Bank common shares at $28.70. 30 Received interest on the Minco Inc. bond. Aug. 5 Received a $0.50 per share cash dividend on the Imperial Oil common shares. Sept. 1 Received a $0.275 per share cash dividend on the remaining Royal Bank common shares. 30 Received interest on the Minco Inc. bond. Dec. 31 Received interest on the Minca Inc. bond. On December 31, 2023, the fair values of the investments held by Safety Development Corporation were: Royal Bank, $29.20; Imperial Oll. $54.38, and BCE. $15.20. Assume the fair value and carrying value of the Minco Inc. bond were equal. Required: 1. Prepare an amortization schedule for the Minco Inc. bond showing only 2023. (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) Apr. 1/23 June 30/23 Sept 30/23 Dec 31/23 Cash Interest Received THERE Period Interest Income Saved D Search Discount Amort L Unamortized Discount Prev 1 of 2 Carrying Value Next > Help

3. Show how the investments will be reported on the December 31, 2023, balance sheet. (Round your intermediate and final answers to the nearest whole dollor amount.) Analysis Component: If the fair value adjustment is not recorded by Safety Development Corporation, what is the impact on the financial statements