Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as non-strategic investments: On December 31,2023 , the fair values of the investments held by Safety Development Corporation were: Royal Bank, \$28.30; Imperial Oil, \$52.13; and BCE, \$14.30. Assume the fair value and carrying value of the Minco Inc. 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.) 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.) 3. Show how the investments will be reported on the December 31, 2023, balance sheet. (Round your intermediate and final answers 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? Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as non-strategic investments: On December 31,2023 , the fair values of the investments held by Safety Development Corporation were: Royal Bank, \$28.30; Imperial Oil, \$52.13; and BCE, \$14.30. Assume the fair value and carrying value of the Minco Inc. 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.) 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.) 3. Show how the investments will be reported on the December 31, 2023, balance sheet. (Round your intermediate and final answers 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
