At the beginning of 2021, Golden Valley Limited purchased three investments: 1. Government of Alberta bonds, which are to be held to maturity. 2. Common shares in Atlas Inc., representing only 1% of the shares of this company, that Bering will hold to trade. 3. 30% of the common shares in CH Resources Ltd. that Bering intends to hold for strategic purposes for a number of years. The cost and the fair value at December 31,2021 , for each of these investments are shown below: During 2021, interest income of $3,400 was earned the Government of Alberta bonds. CH Resources reported net income in 2021 of $11,400, and declared and paid di Screenshot 00. Atlas did not declare dividends during the year. During 2021, interest income of $3,400 was earned and received on the Government of Alberta bonds. CH Resources reported net income in 2021 of $11,400, and declared and paid dividends of $2,300. Atlas did not declare dividends during the year. (a) The board of directors of Golden Valley Limited is considering the use of IFRS and is aware that they have choices when accounting for investments using these standards. The board would like you to choose the appropriate model for each type of investment that will maximize Golden Valley's financial position and profitability and determine the amounts that would appear on the December 31 , 2021, financial statements given these choices. Atlas Inc. common shares Fair Value Through Profit or Loss Model CH Resources Ltd. common shares Equity Method GOLDENVALLEY LIMITED Statement of Financial Position (Partial) December 31, 2021 $ GOLDENVALLEY LIMITED Statement of Income (Partial) $ During 2021, interest income of $3,400 was earned and received on the Government of Alberta bonds. CH Resources reported net income in 2021 of $11,400, and declared and paid dividends of $2,300. Atlas did not declare dividends during the year. (a) The board of directors of Golden Valley Limited is considering the use of IFRS and is aware that they have choices when accounting for investments using these standards. The board would like you to choose the appropriate model for each type of investment that will maximize Golden Valley's financial position and profitability and determine the amounts that would appear on the December 31 , 2021, financial statements given these choices