During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Security Quantity Cost Market Value Sabo common shares 1.000 $18,000 $16,500 PYK $1.50 preferred shares 2.000 30,000 30.500 Total $48,000 $47,000 Jan. 15 The following transactions with respect to Financial Holdings" investments occurred during 2021: Purchased 1.500 common shares of Hazmi for $18.00 per share. The shares are designated as fair value through other comprehensive income. Received dividends on the PYK preferred shares of $1.50 per share. Sold 650 of the Sabo common shares for $18.75 per share. Received dividends on the Sabo common shares of $3.00 per share. Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split. Mar. 20 June 15 Aug 5 Oct. 15 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Security Price Sabo common shares $19.00 PYK $1.50 preferred shares Hazmi common shares 16.75 8.50 Show how the securities would be reported on Financial Holdings December 31, 2020, balance sheet. Show how the securities would be reported on Financial Holdings December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) eTextbook and Media Question Part Score --/0.15 Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem. Round answer to decimal places, es. 5.276) Date Account Titles and Explanation Debit Credit (To record purchase of investment.) Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem. Round answer to decimal places, es. 5.276) Date Account Titles and Explanation Debit Credit (To record purchase of investment.) > (Collection of dividend.) (To record sale of Investment.) (Collection of dividend.) (Collection of dividend.) (To record sale of investment.) v (Collection of dividend.) v (To record fair value adjustment.) (To record fair value adjustment.) Question Part Score --/0.55 Show how the investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021. (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) eTextbook and Media Question Part Score --/0.3 Save for Later Attempts: 0 of 3 used Submit