Hasanah Bhd is a medium-sized company, located in Bayan Lepas. The company closes its account on 31 December every year. The following information relates to investments of Hasanah Bhd that occurred in 2017 and 2018.

Date	Transaction
7/7/2017	Acquired 70,000 unit shares of Yayasan Bhd at RM12.50 per unit with transaction cost of RM9,000. The shares were purchased for long term investment.
22/10/2017	Acquired 30,000 unit of shares of Ronson Bhd at RM6.00 per unit. The transaction cost incurred was RM5,000. Due to the foreseeable increment in the Ronson Bhd shares price, Hasanah Bhd intends to sell the shares after 10 months from the date of acquisition.
30/12/2017	Received a cash dividend of RM0.30 per share on its investment in Yayasan Bhd.
31/12/2017	The market value per share of Yayasan Bhd and Ronson Bhd were RM13.00 and RM7.50 respectively.
3/1/2018	Acquired RM3,000,000 of 11% bonds for RM2,850,000. The bonds will mature in 10 years and provide an effective interest rate of 12%. The interest is paid at the end of the year. The bonds have been classified as held for collection and selling (HFCS).
6/4/2018	Sold 55% of the investment in Ronson Bhd at RM130,000.
31/12/2018	Received annual interest of bonds purchased on 3 January 2018.

REQUIRED:

(Round all numbers to the nearest RM)

1. Prepare related journal entries to record the above transactions.
2. Prepare an extract of the Statement of Profit or Loss and Other Comprehensive Income for the year ended 2017.
3. Explain the general accounting and reporting rule for the following equity investments:
   1. held-for-trading
   2. held for non-trading