Superstar Limited purchased several investments during 2018. At 31 December 2018, the company had the following investments in ordinary share listed below. All investments are considered as available-for-sale:

	Cost per share	Fair value per share
100,000 Sunshine Company shares	$12	$10
120,000 Orlando Company shares	$18	$25

On 1 May 2019, the company sold out half of Orlando shares at $28 each and paid $5,000 brokerage fee.

The company acquired 6% bonds from Fantastic Company on 1 October 2019 at $1,207,321. The face value of the bonds is $1,500,000. Semiannual interest is payable 31 March and 30 September. The market interest rate was 9% for bonds of similar risk and maturity. Management has the positive intent and ability to hold the bonds until maturity in 2029.

During 2019, the net income for Sunshine and Orlando were $200,000 and $500,000 respectively. Sunshine and Orlando declared and paid cash dividends of $1.2 and $0.8 each share on 31 December 2019.

The fair value of the investments on 31 December 2019 are shown as below:

	Fair Value
Sunshine Company	$15 per hare
Orlando Company	$20 per share
6% bonds of Fantastic Company	$1,226,000

Required:

1. Prepare the journal entries to record the investments mentioned above for the year 2019.
2. Assume Superstar has significant influence over the management of Sunshine Company (the investment represents 25% interest in the net assets of Sunshine), what is the reported amount of the investment shown on Superstars 2019 statement of financial position?