Purchased 50,000 of the 80,000 shares outstanding for The Natural Pharmacy Inc. Purchased 20,000 of 50,000 shares outstanding for Metro Inc. Purchased 30,000 of 60,000 shares outstanding for Le Petite Boulangerie Inc. Purchased 40,000 of 75,000 shares outstanding for Wood Passion Ltd. problem 15-1A Non-strategic investments LO2, 3 CHECK FIGURE: 2. Feb 16, 2021, Investment Income = $5,415 Lie Large Inc. had the following transactions involving non-strategic investments during 2020. W mes of investmell. sualled PROBLEMS 2020 ing Paid $108,000 to buy a 90-day term deposit $108,000 principal amount, 6.5%, dated April 1 Api 12 Purchased 3,800 common shares of Blue Balloon Ltd. at $24.25 Purchased 2,600 common shares of Purple Car Corp. at $51.00 20 Purchased 1,100 common shares of Yellow Tech Ltd. at $17.75. 1 Purchased for $75,561 a 8.5%, $73,000 Space Explore Inc. bond that matures in eight years when the market My Interest rate was 7.9% Interest is paid semiannually beginning December 31, 2020. Live Large Inc. plans to hold this investment until maturity. 3 Received a cheque for the principal and accrued interest on the term deposit that matured on June 30. 15 Received a $0.95 per share cash dividend on the Blue Balloon Ltd. common shares. 28 Sold 1,900 of the Blue Balloon Ltd. common shares at $28.00. Sept 1 Received a $2.90 per share cash dividend on the Purple Car Corp. common shares. Dec 15 Received a $1.45 per share cash dividend on the remaining Blue Balloon Ltd. common shares owned. 31 Received the interest on the Space Explore Inc. bond. 31 The fair values of Live Large Inc.'s investments on this date were Blue Balloon shares, $25.40: Purple Car Corp shares, $43.15: Yellow Tech shares, $18.05. Assume the fair value and the carrying value of the Space Explore bond were equal. 2021 Feb 16 Sold the remaining Blue Balloon shares at $28.25. WO 1017 CHAPTER 15 Accounting for Debt and Share Investments your Required 1. Prepare an amortization schedule for the Space Explore bond showing only 2020 and 2021. Round intermediate and final answers to the nearest whole dollar. 2. Prepare journal entries to record the preceding transactions. 3. Show how Live Large Inc.'s investments will appear on its December 31, 2020, balance sheet. Analysis Component: How is the investment income recorded on the Blue Balloon Ltd. shares on December 31, 2020, different from the investment income from the sale of shares recorded on February 16, 2021