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During the year ended December 31, 2021, Pronghorn Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1
During the year ended December 31, 2021, Pronghorn Corporation, a public company, had the following transactions related to investments held for trading purposes:
Feb. | 1 | Purchased 570 IBF common shares for $23,370. | |
Mar. | 1 | Purchased 1,590 Raimundo common shares for $49,290. | |
Apr. | 1 | Purchased $192,000 of CRT 3% 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 250 IBF common shares at $45 per share. | |
Oct. | 1 | Received the semi-annual interest on the CRT bonds. | |
1 | Sold the CRT bonds for $197,000. | ||
Dec. | 31 | The fair values of the IBF and Raimundo common shares were $47 and $27 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.) PRONGHORN CORPORATION Balance Sheet (Partial) Current Assets Investments at Fair Value through Profit or Loss V $ 47000 PRONGHORN CORPORATION Income Statement (Partial) December 31, 2021 $
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