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In January 2022, the management of Canarie Corporation, a publicly-traded company, decides that it has sufficient cash to purchase some debt and equity securities to
In January 2022, the management of Canarie Corporation, a publicly-traded company, decides that it has sufficient cash to purchase some debt and equity securities to be held as trading investments. During the year, the following transactions occurred. Feb. 1 Purchased 1,100 shares of NJF common shares for $46,200. Mar. 1 Purchased 500 shares of SEK common shares for $18,500. Purchased 69 $1,000,8% CRT bonds for $70,100. Interest is receivable semi-annually on April 1 and October 1. Apr. 1 July 1 Received a cash dividend of $0.60 per share on the NJF common shares. Aug. 1 Sold 180 shares of NJF common shares at $36.00 per share. Sept. 1 Received $2 per share cash dividend on the SEK common shares. Oct. 1 Received the semi-annual interest on the CRT bonds. Oct. 1 Sold the CRT bonds for $75,030. At December 31, Canarie's fiscal year end, the fair values of the NJF and SEK common shares were $35 and $32 per share, respectively. (b) Show the statement of financial position presentation of the Trading Investments at December 31, 2022. CANARIE CORPORATION Statement of Financial Position (Partial) $ Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score
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