Ontario Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April16July7July20August15August28October1Ocember15Dember31Purchased4,000sharesofDRBCompanystockat$27pershare.Purchased5,000sharesofFieldsCompanystockat$52pershare.Purchased1,200sharesofBGJCompanystockat$19pershare.Receivedan$1.00persharecashdividendontheDRBCompanystock.Sold2,400sharesofDRBCompanystockat$30pershare.Receiveda$3.60persharecashdividendontheFieldsCompanyshares.Receiveda$1.20persharecashdividendontheremainingDRBCompanyshares.Receiveda$3.00persharecashdividendontheFieldsCompanyshares. April 16 Purchased 4,000 shares of DRB Company stock at $27 per share. July 7 Purchased 5,000 shares of Fields Company stock at $52 per share. July 20 Purchased 1,200 shares of BGJ Company stock at $19 per share. August 15 Received an $1.00 per share cash dividend on the DRB Company stock. August 28 Sold 2,400 shares of DRB Company stock at $30 per share. October 1 Received a $3.60 per share cash dividend on the Fields Company shares. December 15 Received a $1.20 per share cash dividend on the remaining DRB Company shares. December 31 Received a $3.00 per share cash dividend on the Fields Company shares. The year-end fair values per share are: DRB Company, \$28.00; Fields Company, \$50.50; and BG] Company, \$16.00. Calculate the total cost and total fair value of the available-for-sale portfolio as of December 31 , and calculate the amount of the required year-end adjusting entry, if any. Ontario Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April16July7July20August15August28October1December15ecember31Purchased4,000sharesofDRBCompanystockat$27pershare.Purchased5,000sharesofFieldsCompanystockat$52pershare.Purchased1,200sharesofBGJCompanystockat$19pershare.Receivedan$1.00persharecashdividendontheDRBCompanystock.Sold2,400sharesofDRBCompanystockat$30pershare.Receiveda$3.60persharecashdividendontheFieldsCompanyshares.Receiveda$1.20persharecashdividendontheremainingDRBCompanyshares.Receiveda$3.00persharecashdividendontheFieldsCompanyshares. April 16 Purchased 4,000 shares of DRB Company stock at $27 per share. July 7 Purchased 5,000 shares of Fields Company stock at $52 per share. July 20 Purchased 1,200 shares of BGJ Company stock at $19 per share. August 15 Received an $1.00 per share cash dividend on the DRB Company stock. August 28 Sold 2,400 shares of DRB Company stock at $30 per share. October 1 Received a $3.60 per share cash dividend on the Fields Company shares. December 15 Received a $1.20 per share cash dividend on the remaining DRB Company shares. December 31 Received a $3.00 per share cash dividend on the Fields Company shares. For each transaction, indicate the change, if any, in total assets and total equity. If equity changes, indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity. Ontario Corporation had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence. April 16 Purchased 4,000 shares of DRB Company stock at $27 per share. July 7 Purchased 5,000 shares of Fields Company stock at $52 per share. July 20 Purchased 1,200 shares of BGJ Company stock at $19 per share. August 15 Received an $1.00 per share cash dividend on the DRB Company stock. August 28 Sold 2,400 shares of DRB Company stock at $30 per share. October 1 Received a $3.60 per share cash dividend on the Fields Company shares. December 15 Received a $1.20 per share cash dividend on the remaining DRB Company shares. December 31 Received a \$3.00 per share cash dividend on the Fields Company shares. Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity
