At the end of 2024, BrightFuture Corp, with one subsidiary, had a holding representing 22% of the equity of Crystal Ltd, a glass manufacturing company. It had cost $95,000 when purchased at the start of 2023. At the time of that investment, Crystal Ltd had net assets of $800,000 which increased to $1,300,000 by the end of that year. At the start of the current year, the investment was increased by a further 12% of the equity at a cost of $140,000.

(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) Evaluate the impact on BrightFuture Corp's return on assets (ROA) if Crystal Ltd reports a substantial loss.