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Assume Sunset Company purchased this entire bond issue sold byy Omar, i . e . , 7 % of $ 1 , 0 0 0

Assume Sunset Company purchased this entire bond issue sold byy Omar, i.e.,7% of $1,000,000 bonds, at $913,540 on January 1,2024. Market yield was 8% and interest is paid semiannually on June 30 and December 31. Sunset is holding the bond investment as trading securities. The fair value of the bonds on December 31,2024 is $920,000.
At what amount will Sunset report this investment in the December 31,2024 balance sheet?
What is the amount related to the bond investment that Sunset will report in its income statement for the year ended December 31,2024?(Ignore income taxes.)
What is the amount related to the bond investment that Sunset will report in its statement of cash flows for the year ended December 31,2024? Be sure to list the category of activity in which the cash flow is in.
activities activities
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