Silver farms is a grower of hybrid seed corn for Ortiz Genetics Corporation. It has had two exceptionally good years and has elected to invest its excess funds in bonds and equity. The following selected transactions relate to bonds and equity acquired as an investment by Silver Farms, whose fiscal year ends on December 31. 2019 1 March 30 April 1 June 1 July 1 Nov 1 Dec 31 Dec 31 Dec Purchased 400, $1,000 Daytona Beach 5% bonds $400,000 plus transaction fee $1.000. The investment was classified as Trading Purchased 600 shares of the 100,000 shares outstanding $10 par common shares of Dankin Corporation for $5,100. The investment was classified as Trading equity investment Purchased 3,500 shares of the 10,000 shares no par common shares of Ramon Co. for $52,500. Golden Farms has significant influence. Received the first semiannual interest for bonds Received a cash dividend of $1 per share on the Dankin Corporation stock Received a cash dividend of $2 per share on the Ramon Co. stock Accrued Interest Revenue for bonds Market Price of Daytona Beach at 100,5, Dankin Share $9/share, and Ramon Corporation $13/share Net income reported by Dankin: $150.000, by Ramon $800.000 and by Daytona $1.000.000 2020 1 Jan 1 April 1 July 1 Nov 31 Dec 31 Dec Received interest revenue from Daytona Sold $200,000 of the bonds at 99, plus accrued interest of $2,500. Received the semiannual interest for bonds Sold 100 shares of the Dankin, Corporation shares for $2,100. Accrued Interest Revenue for bonds Market Price of Daytona Beach $99, Dankin, Share $10/share, and Ramon Corporation $15/share Net income reported by Dankin; $170.000, by Ramon $950.000 and by Daytona $1.150.000 Instruction: a. Journalize the entries to record transaction above b. Prepare partial financial position for investment for Dec 31, 2020 T