Snow Holdings Ltd., a public company, has two portfolios of investments: held for trading investments using the fair value through profit or loss model and investments in associates using the equity method. Information regarding these two portfolios is shown below: Held for Trading Investment Investments in Associates Balance, beginning of year $100,000 $300,000 Purchases of investments during the year 30,000 40.000 Proceeds from sale of investments during the year 55.000 32,000 Realized gain (loss) on sale of investments 12.000 (10,000) Dividends received 3,000 8,000 Share of associates' net income 43,000 Fair value of portfolio, end of year 94,000 350,000 Instructions (a) Calculate the ending balance for each investment category at the end of the year. (b) Present the amounts that would be reported on the income statement and statement of financial position at year end