On July 1, 2020, Blue Spruce Aggregates Ltd. purchased 5% bonds having a maturity value of $55,000 for $57,014. The bonds provide the bondholders with a 4% yield. The bonds mature four years later, on July 1, 2024, with interest receivable June 30 and December 31 of each year. Blue Spruce uses the effective interest method to allocate unamortized discount or premium. The bonds are accounted for using the FV-OCI model with recycling. Blue Spruce has a calendar year end. The fair value of the bonds at December 31, 2020 and 2021, was $57,017 and $56,205, respectively. Assume fair value adjustments are recorded at year end only. Immediately after collecting interest on December 31, 2021, the bonds were sold for $56,205. Also, assume that the bond is the only investment held by Blue Spruce Aggregates Ltd. Prepare a partial comparative statement of financial position at December 31, 2020 and 2021, showing only the related accounts for the bond investment. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).) Blue Spruce Aggregates Ltd. Statement of Financial Position December 31 2021 2020 Long-term Investments Cash $ $ $ $ Prepare a partial comparative statement of income for the fiscal years ending December 31, 2020 and 2021, showing only the related accounts for the bond investment. (Round answers to O decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blue Spruce Aggregates Ltd. Statement of Income years ended December 31, 2021 2020 Other Revenues and Gains V Interest Income > $ $ Loss on Disposal of Bonds Net Income $ $ Prepare a partial comparative statement of comprehensive income for the fiscal years ending December 31, 2020 and 2021. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blue Spruce Aggregates Ltd. Statement of Comprehensive Income years ended December 31, 2021 2020 $ $ Item that will be reclassified to net income: $ $ Prepare a partial statement of changes in equity for the years ending December 31, 2020 and 2021, showing retained earnings and accumulated other comprehensive income. Assume a balance of $196,000 for retained earnings at January 1, 2020, and no declaration of dividends during 2020 or 2021. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Blue Spruce Aggregates Ltd. Statement of Changes in Shareholders' Equity (Partial) For the Years Ended December 31, 2020 and 2021 Accumulated Other Comprehensive Income Retained Earnings $ $ $ $ $ $ How much overall income was earned from the investment? Reconcile your answer with the change in retained earnings over the accounting periods reported. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) TA $ On July 1, 2020, Blue Spruce Aggregates Ltd. purchased 5% bonds having a maturity value of $55,000 for $57,014. The bonds provide the bondholders with a 4% yield. The bonds mature four years later, on July 1, 2024, with interest receivable June 30 and December 31 of each year. Blue Spruce uses the effective interest method to allocate unamortized discount or premium. The bonds are accounted for using the FV-OCI model with recycling. Blue Spruce has a calendar year end. The fair value of the bonds at December 31, 2020 and 2021, was $57,017 and $56,205, respectively. Assume fair value adjustments are recorded at year end only. Immediately after collecting interest on December 31, 2021, the bonds were sold for $56,205. Also, assume that the bond is the only investment held by Blue Spruce Aggregates Ltd. Prepare a partial comparative statement of financial position at December 31, 2020 and 2021, showing only the related accounts for the bond investment. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).) Blue Spruce Aggregates Ltd. Statement of Financial Position December 31 2021 2020 Long-term Investments Cash $ $ $ $ Prepare a partial comparative statement of income for the fiscal years ending December 31, 2020 and 2021, showing only the related accounts for the bond investment. (Round answers to O decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blue Spruce Aggregates Ltd. Statement of Income years ended December 31, 2021 2020 Other Revenues and Gains V Interest Income > $ $ Loss on Disposal of Bonds Net Income $ $ Prepare a partial comparative statement of comprehensive income for the fiscal years ending December 31, 2020 and 2021. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blue Spruce Aggregates Ltd. Statement of Comprehensive Income years ended December 31, 2021 2020 $ $ Item that will be reclassified to net income: $ $ Prepare a partial statement of changes in equity for the years ending December 31, 2020 and 2021, showing retained earnings and accumulated other comprehensive income. Assume a balance of $196,000 for retained earnings at January 1, 2020, and no declaration of dividends during 2020 or 2021. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Blue Spruce Aggregates Ltd. Statement of Changes in Shareholders' Equity (Partial) For the Years Ended December 31, 2020 and 2021 Accumulated Other Comprehensive Income Retained Earnings $ $ $ $ $ $ How much overall income was earned from the investment? Reconcile your answer with the change in retained earnings over the accounting periods reported. (Round answers to 0 decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) TA $