benturion of net income of associates, $1,695 million; dividends received from associates, $480 million; investment in associates at (LO 4) year end, $23,216 million. Explain how each of these amounts should be reported in Brookfield's financial statements. *BE 12-14 On June 30, $150,000 of five-year, 10% Orbit bonds are issued at $138,960 to yield a market interest rate of Record bonds fe 12%. Interest is payable semi-annually each June 30 and December 31. (a) Record the purchase of these bonds on June and investee. 30 and the receipt of the first interest payment on December 31 on the books of the investor assuming the bonds are to (LO5) be held to maturity. (b) Record the issue of the bonds on June 30 and the first interest payment on December 31 on the books of the investee (issuer)