On Nov 1st, 2015, Becker Company (a publicly traded company) completed the following transactions. Assuming that both equity and debt investments are classified as FVOCI investments.

Purchased 2,000 common shares of Tendres Corp. at $15 cash per share, plus a 2% commission expense.

Purchased 600 preferred shares of PMP Corp. at $25 cash per share,plus a 1% commission expense.

Purchased $300,000 of Franco Ltd. bonds with a 5% stated interest rate plus accrued interest. The bonds pay semi-annual interest eachJune 30 and December 30. The bonds will mature on Dec 31st, 2019.The market interest rate was 5% on the date of purchase.

On December 8th, 2015, Tendres declared and paid $3 cash dividend per share to its holders.

The annual reporting period ends December 31st. Fair market values on December 31, 2015 were as follows:

Tendres Corp. common shares, $16

PMP Corp. preferred shares, $23

Franco Ltd. bonds, 96

Required

1. Give all necessary journal entries required in 2015. Show your calculation and round to the closest dollar.

2. Give the items and amounts that would be reported in the statement of comprehensive income and the balance sheet of 2015.