OONLY DO PART C PLEASE
View Policies Current Attempt in Progress During 2021, Handley Financial Corporation had the following trading investment transactions: Feb. 1 Purchased 680 CBF common shares for $38,080. Mar. 1 Purchased 840 RSD common shares for $26,880. Apr. 1 Purchased 8% MRT bonds at face value, for $65,400. Handley received interest from these bonds semi-annually on April 1 and October 1. July 1 Received a cash dividend of $3 per share on the CBF common shares. Aug. 1 Sold 220 CBF common shares at $55 per share. Oct. 1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $67,400. Dec. 30 RSD declared a dividend of $1.50 per share, payable on January 15 next year. Dec. 31 The market prices of the CBF and RSD common shares were $52 and $34 per share, respectively. (a) Your answer has been saved. See score details after the due date. Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record entries in the order presented in the question. Round answers to decimal places, e.g. 5,250. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 1 V Trading Investments 38080 Cash 380 Mar. 1 Trading Investments 26880 Cash 268 Apr. 1 Trading Investments 65400 Cash 654 July 1 Cash 2040 Dividend Income 20 Aug. 1 Cash 12100 Realized Loss on Trading Investments 220 Trading Investments 123 Oct. 1 Cash 2616 Interest Income 26 (To record interest on the MRT bonds.) cas 67400 Trading Investments 654 Realized Gain on Long-Term Investments 201 (To record sale of MRT bonds.) Dec. 31 Unrealized Loss on Trading Investments 1840 Trading Investments 18 Dec 31 Trading Investments 1680 Unrealized Gain on Trading Investments 16 e Textbook and Media List of Accounts Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date. Show how kakisa would report the investments on the statement of financial position at December 31, 2021. HANDLEY FINANCIAL CORPORATION Statement of Financial Position (Partial) For the Year Ended December 31, 2021 Current Assets Trading Investments $ e Textbook and Media Assistance Used List of Accounts Assistance Used Attempts: 1 of 1 used (c) Determine the balance in each of the statement of income accounts that is affected in the transactions above and indicate how the accounts would be presented on the statement of income for the year ended December 31, 2021. (Round answers to O decimal places, e.g. 5,250. Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses e.g. (2,945).) HANDLEY FINANCIAL CORPORATION Statement of Income (Partial) Other Income and Expenses Dividend Income $ Interest Income Realized Gain on Trading Investments Realized Loss on Trading Investments $ Unrealized Loss on Trading Investments $
