P12.2A (LO 2, 4) During 2021, Kakisa Financial Corporation had the following trading investment transactions: Feb.1 Purchased 600 CBF common shares for $36,000. Mar.1 Purchased 800 RSD common shares for $24,000. Apr.1 Purchased 7% MRT bonds at face value, for $60,000. Kakisa received interest from these bonds semi-annually on April 1 and October 1. July1 Received a cash dividend of $3 per share on the CBF common shares. Aug.1 Sold 200 CBF common shares at $58 per share. Oct.1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $62,000. Dec.30 RSD declared a dividend of $1.50 per share, payable on January 15 next year. a Dec.31 The market prices of the CBF and RSD common shares were $55 and $31 per share, respectively. Instructions 1. Record the above transactions, including any required adjusting entries, using the fair value through profit or loss model. 2. Show how Kakisa would report the investments on the statement of financial position at December 31, 2021. 3. 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