In January 2022, the management of Sipacore 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 1,300 shares of NJF common shares for $52,000.
Mar. 1		Purchased 500 shares of SEK common shares for $19,000.
Apr. 1		Purchased 76 $1,000, 7% CRT bonds for $77,100. 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 200 shares of NJF common shares at $37.00 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 $81,900.

At December 31, Sipacores fiscal year end, the fair values of the NJF and SEK common shares were $36 and $33 per share, respectively.

solve for part c

Thank you!

(a) Your answer is partially correct. Record the above transactions, including required adjusting journal entries (if any). (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 Trading Investments 52000 Cash 52000 Mar. 1 Trading Investments 19000 Cash 19000 Apr. 1 Revenue from Investment in Associates 77100 Cash 77100 July 1 Cash 780 Dividend Income 780 Aug. 1 Cash 7400 Realized Loss on Trading Investments 600 Trading Investments 8000 Sept. 1 Cash 1000 Dividend Income 1000 Oct. 1 Cash 2660 Interest Income 2660 (To record receipt of interest on CRT bonds.) Oct. 1 Cash 81900 Realized Gain on Trading Investments 4800 zed Loss on Investment in Associates 77100 (To record sale of CRT bonds.) Dec. 31 V Unrealized Loss on Trading Investments 6900 Trading Investments 6900 (b) Your answer is correct. Show the statement of financial position presentation of the Trading Investments at December 31, 2022. SIPACORE CORPORATION Statement of Financial Position (Partial) December 31, 2022 V Current Assets Trading Investments $ 56100 (c) Identify the accounts typically used in recording Trading Investments and give the statement classification of each account. Account Financial Statement Section Cash Dividend Income Statement of comprehensive income Statement of changes in equity Statement of income Statement of financial position Trading Investments > Interest Income Realized Gains on Trading investments Realized Losses on Trading investments Realized Gains on Trading investments