Question 1 6 Marks Prepare entries to record the following non-strategic investment transactions of Wiki Garden Tool Inc. Assume each bond acquired is purchased with the intention to actively trade. 2017 Feb. 1 Paid $120,000, plus $200 in transaction fees to purchase a $124,000 four-year, 3% bond payable of Capital Inc. dated Feb. 1. Interest is paid semiannually beginning August 1. Mar. 2q Bought 100,000 common shares of Regina lnc. for a total of $85,600, plus paid an extra $500 for transaction fees. May 7 Regina Inc.'s board of directors declared a total dividend of $525,000 regarding the total 3,500,000 shares issued and outstanding. The date of record is May 30, payable June 15. June 1 Paid $139,000 including $500 in transaction fees to purchase a fiveyear, 6%,$136,000 bond payable of Yates Corporation. Interest is paid annually each May 30 . 15 Received a cheque regarding the dividends declared on May 7. Aug. 1 Received a cheque from Capital Inc. regarding semiannual interest. 1 Sold the Capital Inc. bond at 98. 17 Purchased 75,000 Tech Inc. common shares at $6.00 plus $400 in transaction fees. Dec. 1 Sold 75,000 of the Regina Inc. shares at $0.95 and incurred $250 in transaction fees. 31 Accrued interest on the Yates bond. Fair values of the equity securities on this date were Regina, \$0.95; Tech Inc., $5.50. Assume that the carrying value of the Yates bond was equal to its fair value. 2018 May 30 Received a cheque from Yates Corporation regarding annual interest