On April 1, 2023, Sheffield Corp. purchases a call option for $670, which gives Sheffield the right to buy 1340 shares of Flounder Inc. for $29 each until December 1, 2023. Flounder Inc. shares are currently trading for $29. At June 30, 2023, the options are trading at $6432 and the shares at $31 each. At December 1, 2023, the options expire with no value. At December 1, 2023, Sheffield's entry would be No entry required. Gain or Loss on Derivatives Derivatives-Financial Assets Gain or Loss on Derivatives Derivatives-Financial Assets Gain or Loss on Derivatives Derivatives-Financial Assets 6432 5762 2680 6432 5762 2680

On April 1, 2023, Sheffield Corp. purchases a call option for $670, which gives Sheffield the right to boy 1340 hares of Flounder inc for $29 each until December 1, 2023. Flounder Inc shares are currently trading for $29. At June 30,2023 , the opbons are inding at $6432 and the shares at $31 each. At December 1, 2023, the options expire with no value. At December 1, 2023 shetieids entry would be