Live Large Inc. had the following transactions involving non-strategic investments during 2020 2020 Apr 1 Paid $102,000 to buy a 90-day tere deposit, $102,000 principal amount, 6.6, dated April 1. 12 Purchased 3,200 common shares of Blue Balloon Ltd. at $22.75. June 9 Purchased 2,600 common shares of Purple Car Corp. at $50.50. 20 Purchased 300 common shares of Yellow Tech Ltd. at $16.25. July 1 Purchased for $69,395 a 8.ex, 567,800 Space Explore Inc. bond that matures in eight years when the market interest rate was 7.4%. Interest is paid semiannually beginning December 31, 2020. Live Large Inc. plans to hold this investment until maturity. 3 Received a cheque for the principal and accrued Interest on the term deposit that satured on June 30. 15 Received a $0.95 per share cash dividend on the Blue Balloon Ltd. common shares. 28 Sold 1,6ee of the Blue Balloon Ltd. common shares at $26.5e. Sept. 1 Received a $2.30 per share cash dividend on the Purple Car Corp. common shares. Dec. 15 Received a $1.45 per share cash dividend on the remaining Blue Balloon Ltd. common shares owned 31 Received the interest on the Space Explore Inc. bond. 31 The fair values of Live Large Inc.'s investments on this date were Blue Balloon shares, $24.80; Purple Car Corp. shares, 542.55; Yellow Tech shares, 516.55. Assume the fair value and the carrying value of the Space Explore band were equal. 2821 Feb. 16 Sold the remaining Blue Balloon shares at $26.75. Required: 1. Prepare an amortization schedule for the Space Explore bond showing only 2020 and 2021. (Round your intermediate and final onswers to the nearest whole dollar amount. Enter all the amounts os positive values. Use 365 days in a year) Cash Interest Received Period Interest Income Premium Amort. Unamortized Premium Carrying Value July 1/20 Dec 31/20 June 30/21 Dec 31/21 2. Prepare journal entries to record the preceding transactions. (Round your intermediate and final answers to the nearest whole dollar amount. Use 365 days in a year.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 ..... 13 2 Record the purchase of 6.0% term deposit as short-term investment. Note: Enter debits before credits General Journal Date Apr 01, 2020 Debit Credit Record entry Clear entry View general Journal 3. Show how Live Large Inc's investments will appear on its December 31, 2020, balance sheet (Round your intermediate and answers to the nearest whole dollar amount.) LIVE LARGE INC. Partial Balance Sheet December 31, 2020 Assets Current Investments Non current Investments
