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6. In February 2022, Packard Corporation purchased the following financial assets. Prior to these purchases, Packard had no portfolio of investment securities. No. Security

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6. In February 2022, Packard Corporation purchased the following financial assets. Prior to these purchases, Packard had no portfolio of investment securities. No. Security Type, Classification, Cost 1 Debt FVTPL, $11,500 2 Equity, FVTPL, 9,000 3 Equity, FVTOCI- Equity, 7,250 4 Debt, FVTOCI- Debt, 12,300 During 2022, Packard received 2, 400ininterestand 1,800 in dividends. On December 31, 2022, Packard's portfolio of securities had the following market values: Security Fair Market Value. 1 $12,000 2 8,750 3 7,500 4 12,500 Prepare the journal entries required to record each of these transactions. Question Group (18 Points) (1) To record the purchase of all the financial assets.

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