Survivor Company, a public company, had the following transactions in securities during 2017:

a) Purchased $1,000,000 par value of 5% Diamond Ltd. bonds (when the market interest rate was 4%), on January 1st, 2017 (right after the interest was paid). The bonds will mature on July 1, 2023, and pay interest on July 1st and January 1st. The bonds will be an amortized cost investment.

b) Purchased 100,000 common shares of Midtel Ltd., a publicly-traded company, as an FVTOCI investment on July 1st, 2017. The price per share was $2, plus a $1,500 broker commission.

c) Purchased 500,000 common shares of Moose Ltd., a publicly-traded company, as an FVTPL investment on January 1st, 2017. The price per share was $1.50, plus a $2,000 broker commission.

d) Moose Ltd. paid a cash dividend of $0.25 per share on June 1st, 2017.

e) Received the semi-annual interest on the Diamond bonds on July 1st, 2017.

f) On July 1st, 2017, invested $2,200,000 in Shining Ltd. Survivor received 30% (30,000 shares) of the common shares of Shining. Survivor felt that it had significant influence with Shining. On the date of acquisition, Shining had tangible assets with a book value of $15,000,000. Liabilities were $8,000,000. All book values represented fair values, except accounts receivable and plant and equipment with a 10-year life. For accounts receivable, book value was $220,000 and fair value was $200,000. For plant and equipment, book value was $7,000,000 and fair values were $7,200,000.

g) Purchased 150,000 common shares of Treeline Ltd., a publicly-traded company, accounted for as an FVTOCI investment on August 1st, 2017. The price per share was $2.00, plus a $1,050 broker commission.

h) Shining did not declare or pay any dividends in 2017 but reported net income, earned evenly over the year, of $200,000. Goodwill was evaluated and was estimated to have a recoverable amount of $80,000.

Required for 2017:

Provide entries for all transactions and adjustments related to investments for 2017. Fair values on December 31st: Diamond bonds	104
Midtel Ltd	$2.00 per share
Moose Ltd.	$1.55 per share
Shining Ltd.	undeterminable
Treeline Ltd.	$1.95 per share

Survivor Company had the following transactions in 2018 related to its investments:

i) Received the semi-annual interest on the Diamond bonds on January 1st.

j) On Feb 1st, sold 200,000 shares of Moose Ltd. for $1.45 per share, less brokerage fees of $1,800.

k) Shining Ltd. paid a cash dividend of $1 per share on March 1st.

l) Received the semi-annual interest on the Diamond bonds on July 1st.

m) On June 1st, sold 25,000 shares of Midtel Ltd. for $1.20 per share, less brokerage fees of $1,000.

n) On December 1st, purchased 20,000 shares of Pluto Corp. for $6.50 per share, plus commissions of $1,000. The shares are being held as an FVTOCI investment.

o) Shining reported net income, earned evenly over the year, of $300,000. Goodwill was evaluated and was estimated to have a recoverable amount of $20,000.

Required for 2018:

Provide entries for all transactions and adjustments related to investments for 2018. Fair values on December 31st: Diamond bonds	102
Midtel Ltd.	$2.25 per share
Moose Ltd.	$1.25 per share
Pluto Corp	$6.25 per share
Shining Ltd.	undeterminable
Treeline Ltd.	$0.90 per share