The following information pertains to Botter Supply Company for Year 1: 1. Purchased $103,200 of marketable investment securities. 2. Earned $5,300 of cash investment revenue. 3. Sold for $32,300 securities that cost $30,039. 4. The fair value of the remaining securities at December 31 , Year 1 , was $91,500. 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. 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 firs 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 wh 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.) The following information pertains to Botter Supply Company for Year 1: 1. Purchased $103,200 of marketable investment securities. 2. Earned $5,300 of cash investment revenue. 3. Sold for $32,300 securities that cost $30,039. 4. The fair value of the remaining securities at December 31 , Year 1 , was $91,500. 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. 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 firs 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 wh 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.)
