Problem - Stanhope Associates accounts for the following investments under IFRS No. 9: Required: For cach investment, indicate: (a) the accounting approach that will be used to account for the investment, and briefly explain why that approach is appropriate (trading, available for sale or held-to-maturity)and (b) the effect on earnings (Net Income) of an increase in the fair value of the investment in the period following acquisition of the investment, assuming that Stanhope does not sell the investment 1. 10 shares of Blackstone equity, held for long-term investment 2. 10 shares of Erickson equity, held for working capital noods 3. 10 shares of AT&E equity, held for immediate resale 4. 10 bonds (consisting of only interest and principal) issued by Filo Inc., held for long-term collection of cash flows 5. 10 bonds (consisting of only interest and principal) of SimSung, held for unexpected working capital needs in the next few years, but also might be sold 6. TO bonds (consisting of only interest and principal) issued by Attachi, held for immediate resale