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Question Prepare entnies to record the following non-strategic investment transactions of Wiki Garden ool Inc Assume each bond acquired is purchased with the intention to

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Question Prepare entnies to record the following non-strategic investment transactions of Wiki Garden ool Inc Assume each bond acquired is purchased with the intention to actively trade. nc duted Fe 1. Inerest is paid somiannualily beginning August 1 Bghe 100.000 man shaes of Regins inc. for a total of $85.600, phus paid an axtra $500 for transaction foos 2017 Mar 29 May Ragina ncs board of directors declared a total dividend of $525,000 d and outstanding The date of reoord is May 30. payable lune 15 Corporation Intonest is paid annually each May 30 of Yatos lne 1 Paid $134 000 including $500 in transaction fees to purchase a five year 6x, $136,000 bond payable 15 Aeceed a cheue regarding the dvidends declarad on May 7 A1 Recelved a cheque from Capital Inc. regarding semiannual interest 1 Sold the Capital Inc. bond at 48 17 Purchased 75,000 Tach Inc. common shares at $6.00 plus $400 in transaction foos. Dec 1 Sold 75,000 of the Regina Inc. shares at $0.45 and incurmed $250 in transaction feos. a1 Accruod intarest on the Yates bond. Fair values of the squity securitios on this date ware Rogina, $0.95: Toch hc. $5.50. Assume that the camnying value of the Yates bond was equal to its fair value 2018 May 30 Recebved a cheque from Yatos Corporation negarding annual Intarost 6 Marks Question 2 River Outdoor Supply Corporation (River Corp.) was organized on January 2, 2017. River Corp. issued 50,000 common shares for $250,000 on that date. The following investment transactions and events subsequently occurred 2017 12 RNer cop, acured 12.000 shares or Turner ud, at a cost of S250.000. This ivestment represented 24% or umers outstanding shares ar. Mar 31 Turner Lta. deciared and paid a cash aidend or $1.00 per share. Dec 31 Turner Ltd. announced that its pront for 2017 was $125.00o. 2018 Aug. 15 Tumer Ltd. deciare and paid a cash amdond or $o.80 per sharo. Dac. 31 Turner Lta announced that its loss for 2018 was $95,000. 2019 an. 6 Rvar Corp. sold all of its investment in Turmer Ltd. for $230.000 cash. Assume that River Corp. has significant influence over Turner Ltd, with its 24% share. Requind 1. Give the entries to record the preceding transactions in River Corp.'s books. 2. Calculate the carring value per share of River Corp's investment as reflected in the investment account on January 1, 2019. 3. Calculate the change in River Corp.'s equity from January 12, 2017, through January 6, 2019 resulting from its investment in Turner Ltd

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