On December 31, 2021, Bellevue Lte held the following debt and equity investments:

Quantity Cost per Unit Fair Value per Unit

Debt Securities

Dominion bonds 4,400 100 97

Government of Canada bonds 2,200 100 134

Equity Securities

Bank of Calgary 3,900 50 56

Matco Inc. 9,000 28 31

Argenta Corp. 10,000 35 39

(A) Calculate the cost and fair value of Bellevue's investment portfolio at December 31.

(B) If Bellevue considers its entire portfolio to be trading investments, at what value should the company report investments on the statement of financial position at December 31 if it uses the fair value through profit or loss model?

(C) Assume now that the bonds were purchased at 100 (par value). If Bellevue intends to hold the debt securities until maturity and uses the amortized cost model, at what value should the company report debt investments on the statement of financial position at December 31?

View Policies Show Attempt History Current Attempt in Progress On December 31, 2021, Bellevue Ltee held the following debt and equity investments: Quantity Cost per Unit Fair Value per Unit Debt Securities Dominion bonds 4,400 $100 $97 Government of Canada bonds 2,200 100 134 Equity Securities Bank of Calgary 3,900 50 56 Matco Inc. 9,000 28 31 Argenta Corp. 10,000 35 39 (a)Your answer is correct. Calculate the cost and fair value of Bellevue's investment portfolio at December 31. Cost Debt Securities Quantity Unit Total Dominion 4,400 100 $ 440,000 bonds Government of Canada 2,200 100 220,000 Bonds Sub-total 660,000 Cost Equity Securities Quantity Unit Total Bank of 3,900 $ 50 $ 195,000 $ Calgary Matco Inc. 9,000 28 252,000 Argenta 10,000 35 350,000 Corp. Sub-total 797,000 Total 1,457,000