In January 2022, the management of Foress 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 1,000 shares of NJF common shares for $44,000.
Mar. 1		Purchased 500 shares of SEK common shares for $18,500.
Apr. 1		Purchased 64 $1,000, 8% CRT bonds for $65,300. Interest is receivable semi-annually on April 1 and October 1.
July 1		Received a cash dividend of $0.60 per share on the NJF common shares.
Aug. 1		Sold 210 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 $69,800.

At December 31, Foresss fiscal year end, the fair values of the NJF and SEK common shares were $35 and $28 per share, respectively.

(c)

Identify the accounts typically used in recording Trading Investments and give the statement classification of each account.

Account		Financial Statement		Section
Cash		Statement of incomeStatement of comprehensive incomeStatement of financial positionStatement of changes in equity		Current assetsProperty, plant, and equipmentExpensesNon-current liabilitiesIntangible assetsCurrent liabilitiesCost of goods soldIncomesOther income and expensesShareholders' equityOther comprehensive income (loss)Long-term investments
Dividend Income		Statement of comprehensive incomeStatement of incomeStatement of changes in equityStatement of financial position		Current liabilitiesNon-current liabilitiesOther income and expensesCost of goods soldIncomesShareholders' equityOther comprehensive income (loss)ExpensesIntangible assetsProperty, plant, and equipmentLong-term investmentsCurrent assets
Trading Investments		Statement of changes in equityStatement of financial positionStatement of comprehensive incomeStatement of income		Shareholders' equityLong-term investmentsOther income and expensesExpensesIncomesCurrent liabilitiesProperty, plant, and equipmentOther comprehensive income (loss)Current assetsCost of goods soldNon-current liabilitiesIntangible assets
Interest Income		Statement of incomeStatement of financial positionStatement of changes in equityStatement of comprehensive income		Shareholders' equityCurrent assetsProperty, plant, and equipmentLong-term investmentsIntangible assetsOther income and expensesOther comprehensive income (loss)IncomesCurrent liabilitiesCost of goods soldNon-current liabilitiesExpenses
Realized Gains on Trading investments		Statement of financial positionStatement of comprehensive incomeStatement of incomeStatement of changes in equity		Other comprehensive income (loss)Intangible assetsLong-term investmentsOther income and expensesCost of goods soldExpensesCurrent assetsShareholders' equityCurrent liabilitiesProperty, plant, and equipmentNon-current liabilitiesIncomes
Realized Losses on Trading investments		Statement of incomeStatement of changes in equityStatement of financial positionStatement of comprehensive income		Other comprehensive income (loss)Non-current liabilitiesLong-term investmentsCurrent liabilitiesCurrent assetsCost of goods soldIntangible assetsExpensesShareholders' equityOther income and expensesIncomesProperty, plant, and equipment
Unrealized Gains on Trading investments		Statement of changes in equityStatement of comprehensive incomeStatement of financial positionStatement of income		Property, plant, and equipmentShareholders' equityIncomesCurrent liabilitiesOther comprehensive income (loss)ExpensesOther income and expensesCurrent assetsNon-current liabilitiesIntangible assetsCost of goods soldLong-term investments
Unrealized Losses on Trading investments		Statement of financial positionStatement of incomeStatement of comprehensive incomeStatement of changes in equity		Intangible assetsCurrent assetsLong-term investmentsCost of goods soldProperty, plant, and equipmentIncomesShareholders' equityOther income and expensesNon-current liabilitiesExpensesCurrent liabilitiesOther comprehensive income (loss)