Question
During the year ended December 31, 2021, Bramble Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1
During the year ended December 31, 2021, Bramble Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1 Purchased 520 IBF common shares for $18,720. Mar. 1 Purchased 1,390 Raimundo common shares for $40,310. Apr. 1 Purchased $182,000 of CRT 5% bonds at par. Interest is payable semi-annually on April 1 and October 1. July 1 Received a cash dividend of $1.00 per share on the IBF common shares. Aug. 1 Sold 300 IBF common shares at $40 per share. Oct. 1 Received the semi-annual interest on the CRT bonds. 1 Sold the CRT bonds for $187,000. Dec. 31 The fair values of the IBF and Raimundo common shares were $42 and $25 per share, respectively.
Show the financial statement presentation of the investments and any related accounts in the financial statements for the year ended December 31, 2021. (Round answers to 0 decimal places, e.g. 5,275.) partial balance sheet and income statement
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