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Bercise 156 Non-strategic Investments L03 CHECK FIGURE 2. Jan 14, 2021, Investment loss = $4,360 Monkey Mortgage Inc. engaged in the folowing non-strategic investment transactions

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Bercise 156 Non-strategic Investments L03 CHECK FIGURE 2. Jan 14, 2021, Investment loss = $4,360 Monkey Mortgage Inc. engaged in the folowing non-strategic investment transactions during 2020: Jan Mar May June 2020 1 Purchased for $422.567 a 9.5%, 5416,000 Jaguar Corp. bond that matures in five years when the market interest rate was 9.1% Interest is paid semiannually beginning June 30, 2020. Monkey Mortgage Inc. plans to hold this investment until maturity 1 Bought 7,600 shares of Mule Corp., paying $34.10 per share 7 Received dividends of $2.50 per share on the Mule Corp. shares 1 Paid $332,000 for 21,800 shares of Zebra common shares 30 Rectived interest on the Jaguar bond, 1 Sold the Mule Corp. shares for $34.35 per share. 31 Received interest on the Jaguar bond, 31 The fair value of the Zebra shares on this date was $15.00 per share. Assume the fair value of the bonds equalled the carrying value. 2021 Junc Aug Dec Dec Jan 14 Sold the Zebra shares for $14.80. Required 1. Prepare an amortization schedule for the Jaguar bond showing only 2020 and 2021 2. Prepare the entries to record the transactions described above. 3. Show how the investments would be reported on Monkey's December 31, 2020, balance sheet

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