At the end of 2023, CrystalTech Inc, with one subsidiary, had a holding representing 23% of the equity of Gold Ltd, a high-end jewelry company. It had cost $90,000 when purchased at the start of 2022. At the time of that investment, Gold Ltd had net assets of $800,000 which increased to $1,200,000 by the end of that year. At the start of the current year, the investment was increased by a further 11% of the equity at a cost of $120,000.

(a) How would the investment be shown in the financial statements if it were treated as a trade investment? (b) How would the investment be shown in the financial statements if it were treated as an associated undertaking? (c) Analyze the potential benefits and risks of CrystalTech Inc's increased investment in Gold Ltd.