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The following Vermillion Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018: Feb.

The following Vermillion Corporation transactions are for bonds that were purchased as a held for trading investment for the year ended December 31, 2018:

Feb. 1 Purchased $224,000 of Leslye Corporation 3% bonds at 104 (this means 104% of maturity value). Interest is received semi-annually on August 1 and February 1. The bonds mature on February 1, 2020.
Aug. 1 Received interest on Leslye bonds.
2 Sold $89,600 of the Leslye bonds at 101.
Dec. 31 Accrued interest on the remaining bonds.
31

The fair value of the remaining bonds was 100 on this date.

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- Your answer is partially correct. Show how the investments would be presented on the statement of financial position at December 31, 2018. (Round answers to 0 decimal places, e.g. 5,250.) VERMILLION CORPORATION Statement of Financial Position (Partial) Current Assets Loss on Bond Redemption Interest Receivable

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