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Spacely Space Sprokets has decided to invest its excess cash in the following investments. Jan. 10 Feb. 13 Purchased 7,000 shares of Cogswell Cogs for

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Spacely Space Sprokets has decided to invest its excess cash in the following investments. Jan. 10 Feb. 13 Purchased 7,000 shares of Cogswell Cogs for $35.10 per share. Spacely does not have significant influence over Cogswell Cogs. Spacely intends to hold the stock for an indefinite period of time. Purchased 25,000 shares of Orbitty Pets (out of 100,000 outstanding shares) for $60.12 per share. Spacely does have significant influence over Orbitty Pets. Spacely intends to hold the stock for an indefinite period of time. Mar. 1 Mar. 1 Purchased a semiannual bond at face value from the Orbit City with a face value of $200,000 which pays 7.2% APR (Next interest payment is August 1). Spacely intends to hold the bond to maturity. Purchased a semiannual bond at face value from Robby Robots with a face value of $90,000 which pay 4.5% APR. (Next interest payment is August 1). Spacely classifies these bonds as trading investments. Purchased a semiannual bond at face value from the U.S. treasury with a face value of $50,000 which pays 1.2% APR (Next interest payment is August 1). Spacely classifies this bond as available for sale. Mar. 1 The following events happen: June 1 Orbitty Pets pays a dividend of $5.60 per share. Nov. 1 Cogswell Cods pays a dividend of 3.20 per share. Dec. 1 Orbitty Pets pays a dividend of $5.65 per share. At year's end, the investments are worth: Cogswell Cogs, $20,90 per share, reporting net income of $42,500,000 Orbitty Pets, $65 per share, reporting net income of $10,000,000 Robby Robots Bond is worth $95.000. U.S. Treasury bond is worth $51.000. 1. Journalize all transactions relating to the purchase of these investments. 2. Journalize all dividend and bond interest payments. 3. Journalize any adjustments to fair market value. 4 Journalize any adjustments due to the reporting of net income by the equity investmen her how long Spacely intends to hold a particular investment and/or how much influe have over another company determines the accounting treatment. Label the accounts accordingly (HTM, trading, AFS)

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