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Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations their fair values are not considered permanent Held-to-Maturity Fair Value

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Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations their fair values are not considered permanent Held-to-Maturity Fair Value Fair Value Amortized Cost Amortized Cost Securities: 12/31/2020 12/31/2021 12/31/2020 $380,500 12/31/2021 ABC Co. Bonds S 388.000 $413,000 $373.000 Fair Value Fair Value Trading Securities: 12/31/2020 S 58,000 S 80.000 S 57,000 12/31/2021 Cost S 74 400 S 52,000 S 45,900 S 69.000 S 90.000 S 51,500 DEF Co Bonds GEH Inc. Bonds IJK Inc. Bonds Fair Value Fair Value Cost Available-for-Sale Securities: 12/31/2021 12/31/2020 $153.000 St66.600 $151,400 LMN Co Bonds What balance sheet amount would Beresford report for the total of its investments in bonds at 12/31/2020? $696.500 $706 900 $714 400 None of these answer choices are correct

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