Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as nonstrategic investments: 2023 Feb. 7 Purchased 3,000 connon shares of Royal Bank at $27,30, plus $560 in transaction fees. 19 Purchased 2,000 connon shares of Imperial 0 il at $53.75, and paid $250 in transaction fees. Apr - 1. Paid $96,190 plus $500 in transaction fees for a 8.40, four-year, $98, ee0 Minco Inc. bond that pays interest quarterly beginning June 39. The narket rate of interest on this date was 8.89%. Sellers. Corporation plans to hold this investment for the duration of the bond's contract life. May 26. Purchased 2, 80e comnon shares of 8Ce at $14.18, plus $200 in transaction fees. June 1 Received a 30.25 per share cash dividend on the Hoyal Plank comnon shares. 17 5old 2, 000 Royal Bank connon shares at $27,80. 30 Received interest on the Minco Inc. bond. Mug. 5 Received a $0.50 per share cash dividend on the foperial oil connon shares. Sept. 1 Received a $0.275 per share cash dividend on the remaining Hoyal Bank connon shares. 30 Recoived interest on the Minco Inc. bond. Dec. 31 lleceived interest on the Minco fnc. bond. On December 31, 2023 , the falr values of the investments held by Safety Development Corporation were: Royal Bank, $28.30; Imperial Oil, $52.13; and BCF, 514.30. Assume the fair value and carrying value of the Minco Iric. bond were equal, Required: 1. Prepare an amortizatlon schedule for the Minco inc. bond showing only 2023. (Round your intermediate and final answers to the nearest whole dollor amount. Enter all the omounts as positive values.) Required: 1. Prepare an amortization schedule for the Minco inc. bond showing only 2023. (Round your intermediate and final answers to the nearest whole dollar amount. Enter all the amounts as positive values.) 2. Prepare joumal entrles to record the investment activity including the appropriate fair value adjustment on December 31 . (Round your intermediate and final answers to the nearest whole dollar amount.) Journal entry worksheet 3. Show how the investments will be reported on the December 31,2023 , balance sheet. (Round your intermediote and final answers to the neorest whole dollor amount.) Analysis Component: If the falr value adjustment is not recorded by Safety Development Corporation, what is the impact on the financial statements