At the end of 2023, SunRise Inc, with one subsidiary, had a holding representing 18% of the equity of Tech Ltd, a software company. It had cost $75,000 when purchased at the start of 2022. At the time of that investment, Tech Ltd had net assets of $500,000 which increased to $750,000 by the end of that year. At the start of the current year, the investment was increased by a further 14% of the equity at a cost of $100,000.

(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) Calculate the return on investment (ROI) for SunRise Inc. if the market value of Tech Ltd's shares increases by 20% by the end of the year.