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In January 2022, the management of Blossom Company concludes that it has sufficient cash to putchase some short-term investments in debit and stocks securities. Show

In January 2022, the management of Blossom Company concludes that it has sufficient cash to putchase some short-term investments in debit and stocks securities. Show the balance sheet presentation of investment securities at December 31,2022

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In January 2022, the management of Blossom Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Jan. 1 Feb 1 Mar. 1 July 1 Purchased 75 $1.000,8% TRC bonds for $75.000. Interestis payable annually on December 31. Purchased 1.295 shares of LAF common stock for $53,095 Purchased 540 shares of NCL common stock for $18.900. Received a cash dividend of $0.80 per share on the LAF common stock Sold 217 shares of LAF common stock at $40 per share Received $2 per share cash dividend on the NCL common stock Received the annual interest on the TRC bonds Sold the TRC bonds for 577.665. Aug 1 Sept. 1 Dec 31 31 At December 31, the fair values of the LAF and NCL common stocks were 337 and $28 per share respectively. These stock Investments by Blossom Company provide less than a 20% ownership interest Show the balance sheet presentation of investment securities at December 31, 2022 Blossom Company (Partial) Balance Sheet $

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