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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

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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 3,500 eormon shares of Royal aank at $27,80, plus $500 in transaction fees. 19 Purchased 2,500 common shares of Imperial 011 at $55.00, and paid $250 in transaction fees. Apr. 1 Paid $101,085 plus $500 in transection fees for a 7.001 , four-year, $103,000 Minco Ine. bond that pays interest quarterly beginning June 30. The market rate of interest on this date was 7.40 . Sellers Corporation plans to hold this investment for the duration of the bond's contract 1 ife. May 26 Purchased 3,300 conmon shares of BCE at $14.68, plus $200 in transaction fees. June 1 Received a $0,25 per share cash dividend on the Royal Bank common shares. 17 sold 2,500 Royal bank common shares at $28.30. 30 Received interent on the Mineo Ine. bond. Aug. 5 Received a $0.50 per share cash dividend on the Imperial oil common shares. Sept. 1 Received a $0.275 per share cash dividend on the remaining Royal bank corvon shares. 30 Received interest on the Minco Ine. bond. Dec. 31 Received interest on the kinco Ine. bond. On December 31,2023 , the fair values of the investments held by Safety Development Corporation were: Royal Bank, $28.80; Imperial Oli, \$53.38; and BCE, \$14.80. Assume the fair value and carrying value of the Minco Inc, bond were equal. 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 journal entries 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 intermediate and final ans to the nearest whole dollar amount.) Analysis Component: If the fair value adjustment is not recorded by Safety Development Corporation, what is the impact on the financial statements

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