The following information pertains to Botter Supply Company for Year 1: 1. Purchased $102,800 of marketable investment securities 2. Earned $4,300 of cash investment revenue. 3. Sold for $34,900 securities that cost $32,457. 4. The fair value of the remaining securities at December 31, Year 1, was $91,900. Required a. Record the four events in a horizontal statements model. Use a separate model for each classification: (1) held to maturity, (2) trading, and (3) available for sale. The first event for the first classification is shown as an example. b. What is the amount of net income under each of the three classifications? c. What is the change in cash from operating activities under each of the three classifications? Complete this question by entering your answers in the tabs below. Required a Required B Required C Record the four events in a horizontal statements model. Use a separate model for each classification: (1) held to maturity, (2) trading, and (3) available for sale. The first event for the first classification is shown as an example. (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, indicate whether the event is an operating activity (OA), investing activity (IA), financing activity (FA), or net change in cash (NC). Leave blank to indicate that an element was not affected by the event.) Show less BOTTER SUPPLY COMPANY Horizontal Statements Models Balance Sheet Income Statement Event No. Investment Securities Liabilities + Retained Earnings Unrealized Revenue / Gain Gain Expense / Loss Cash Net Income Statement of Cash Flows 102,800 (1) Held to Maturity 1. (102,800) 2. 4,300 3. 34,900 4,300 2,443 4,300 2,443 4,300 2,443 (102,800) IA 4,300 OA 34,900 PA (32,457) 4 70,343 = 0 + 6,743 + 0 01 6,743 - 0 = 6,743 (63,600) Total (63,600) + (2) Trading 1. (102,800) 2. 4.300 3. 34,900 102,800 4,300 2.443 4,300 2,433 4,300 2,433 (102,800) A 4,300 IA 34,900 A (32,457) 4. 70,343 = 0+ 6,743 + 01 6,733 0 = 6.733 (63,600) Total (63,600) + (3) Available for Sale 1. 2. 3. 4. Total 0 0 01 0 0 The following information pertains to Botter Supply Company for Year 1: 1. Purchased $102,800 of marketable investment securities. 2. Earned $4,300 of cash investment revenue. 3. Sold for $34,900 securities that cost $32,457. 4. The fair value of the remaining securities at December 31, Year 1, was $91,900. Required a. Record the four events in a horizontal statements model. Use a separate model for each classification: (1) held to maturity, (2) trading, and (3) available for sale. The first event for the first classification is shown as an example. b. What is the amount of net income under each of the three classifications? c. What is the change in cash from operating activities under each of the three classifications? Complete this question by entering your answers in the tabs below. Required a Required B Required What is the amount of net income under each of the three classifications? Net Income Held to Maturity Trading Available for Sale The following information pertains to Botter Supply Company for Year 1: 1. Purchased $102,800 of marketable investment securities. 2. Earned $4,300 of cash investment revenue. 3. Sold for $34,900 securities that cost $32,457. 4. The fair value of the remaining securities at December 31, Year 1, was $91,900. Required a. Record the four events in a horizontal statements model. Use a separate model for each classification: (1) held to maturity, (2) trading, and (3) available for sale. The first event for the first classification is shown as an example. b. What is the amount of net income under each of the three classifications? c. What is the change in cash from operating activities under each of the three classifications? Complete this question by entering your answers in the tabs below. Required a Required B Required What is the change in cash from operating activities under each of the three classifications? (List any cash outflows with a minus sign.) Operating Activities Held to Maturity Trading Available for Sale