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During 2021, Sweetwater Financial Corporation had the following trading investment transactions: Feb. 1 Mar. 1 1 1 Aug 1 Oct. 1 Purchased 600 CBF common
During 2021, Sweetwater Financial Corporation had the following trading investment transactions: Feb. 1 Mar. 1 1 1 Aug 1 Oct. 1 Purchased 600 CBF common shares for $36,600. Purchased 800 RSD common shares for $24.800. Purchased 7% MRT bonds at face value, for $66.000. Sweetwater received interest from these bonds semi-annually Apr. on April 1 and October 1. July Received a cash dividend of $3 per share on the CBF common shares. Sold 190 CBF common shares at $59 per share. Received the semi-annual interest on the MRT bonds. Sold the MRT bonds for $68,200. Dec 30 RSD declared a dividend of $1.40 per share. payable on January 15 next year. The market prices of the CBF and RSD common shares were $56 and $33 per share, respectively. Determine the balance in each of the statement of income accounts that is affected in the transactions above and indicate how the accounts would be presented on the statement of income for the year ended December 31, 2021. (Round answers to decimal places, eg. 5,250. Enter loss using either a negative sign preceding the number eg.-2,945 or parentheses eg. (2,945).) SWEETWATER FINANCIAL CORPORATION Statement of Income (Partial) 1 Dec. 31 $ $ $
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