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please answer this accounting question Problem 12-2A (Part Level Submission) During 2018, Paver Financial Corporation had the following held for trading investment transactions: 1 Feb.
please answer this accounting question
Problem 12-2A (Part Level Submission) During 2018, Paver Financial Corporation had the following held for trading investment transactions: 1 Feb. Mar. 1 Apr. 1 July 1 Aug. 1 Sept. 1 Oct. 1 Purchased 630 CBF common shares for $37,800. Purchased 770 RSD common shares for $23,100. Purchased 7% MRT bonds at face value, for $59,400. Interest is received semi-annually on April 1 and October 1. Received a cash dividend of $3 per share on the CBF common shares. Sold 220 CBF common shares at $58 per share. Received a cash dividend of $1.60 per share on the RSD common shares. Received the semi-annual interest on the MRT bonds. Sold the MRT bonds for $61,300. The market prices of the CBF and RSD common shares were $55 and $31 per share, respectively. 1 Dec. 31 (c) Determine the balance in each of the income statement accounts that are affected in the transactions above and indicate how they would be presented on the income statement for the year ended December 31, 2018. (Round answers to 0 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).) PAVER FINANCIAL CORPORATION Income Statement (Partial) $ $
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