a) Journal Entries
Date	Account Titles and Explanation	Debit	Credit
Feb. 1	Investments in CBF Common Stock	$39,650
	Cash		$39,650
	(To record the purchase of 650 shares by cash)
Mar. 1	Investments in RSD Common Stock	$25,280
	Cash		$25,280
	(To record the purchase of 790 shares by cash)
Apr. 1	Bonds Receivable - MRT	$58,000
	Cash		$58,000
	(To record the purchase of 7% bonds by cash)
Jul. 1	Cash	$1,950
	Dividend Revenue (650 shares * $3each)		$1,950
	(To record the receipt of cash dividends)
Aug. 1	Cash (200 shares * $59 each	$11,800
	Loss on sale of investments ($12,200 - $11,800)	$400
	Investment in CBF Common Stock ($39,650/650*200 shares)		$12,200
	(To record the sale of 200 shares of CBF common stock)
Oct. 1	Cash ($58,000*7/100*6/12 months)	$2,030
	Interest Revenue		$2,030
	(To record the receipt of semi-annual interest on 7% bonds)
Oct. 1	Cash	$60,200
	Gain on sale of MRT Bonds Receivable ($60,200 - $58,000)		$2,200
	Bonds Receivable - MRT		$58,000
	(To record the sale of MRT bonds for cash)
Dec. 30	Dividend Receivable	$1,185
	Dividend Revenue (790 shares * $1.50 each)		$1,185
	(To record the accrual of dividend revenue)
Dec. 31	Unrealized Loss ($39,650/650 = $61 - $56 = $5 each * [650 - 200])	$2,250
	Investments in CBF Common Stock		$2,250
	(To record the unrealised loss on CBF common stock)
Dec. 31	Investments in RSD Common Stock	$1,580
	Unrealized Loss ($25,280/790 = $32); ($34 - $32 = $2*790 shares)		$1,580
	(To record the unrealised gain on CBF common stock)

(b)

Show how Kakisa would report the investments on the statement of financial position at December 31, 2021.

LARAMIE FINANCIAL CORPORATION Statement of Financial Position (Partial) December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
		$