COLLABORATIVE LEARNING SETD Golden Farms is a grower of hybrid seed com for Ortiz Genetics Corporation. It has had two exceptionally good years and has elected to invest its excess funds in bonds and equity. The following selected transactions relate to bonds and equity acquired as an investment by Golden Farms, whose fiscal year ends on December 31 2019 1 March Purchased 400, 51,000 Daytona Beach 5% bonds $400,000 plus transaction fee $1.000. The investment was classified as Trading 30 April Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5.100. The investment was classified as Trading equity Investment 1 June Purchased 3,500 shares of the 10.000 shares no par common shares of Ramon Co. for $52.500. Golden Farms has significant influence Received the first semiannual interest for bonds 1 Nov Received a cash dividend of 51 per share on the Darkin Corporation stock 1 Dec Received a cash dividend of $2 per share on the Ramon Co stock 31 Dec Accrued Interest Revenue for bonds 31 Dec Market Price of Daytona Beach at 100,5. Dankin Share $9share, and Ramon Corporation $13share Net income reported by Darkin: $150.000. by Ramos $800 000 and by Daytona 51 000 000 2020 1 Jan 1 April 1 July 1 Nov 31 Dec 31 Dec Received interest revenue from Daytona Sold $200.000 of the bonds at 99. plus accrued interest of $2.500 Received the semiannual interest for bonds Sold 100 shares of the Dankin Corporation shares for $2.100 Accrued Interest Revenue for bonds Market Price of Daytona Beach $99. Dankin Share $10share, and Ramon Composition 515 share Net income reported by Dankin: $170.000. by Ramon $950.000 and by Daytora $1.150.000 Instruction a Journalize the entries to record transaction above b. Prepare partial financial position for investment for Dec 31, 2020