At the end of 2024, SilverTech Ltd, with one subsidiary, had a holding representing 19% of the equity of Blue Ltd, a marine technology solutions company. It had cost $80,000 when purchased at the start of 2023. At the time of that investment, Blue Ltd had net assets of $680,000 which increased to $920,000 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 $110,000.

(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 risks to SilverTech Ltd's investment if Blue Ltd faces regulatory challenges.