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Question 2 of 3 4.83/20 View Policies Show Attempt History Current Attempt in Progress In January 2022, the management of Sweetwater Corporation, a publicly-traded company,

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Question 2 of 3 4.83/20 View Policies Show Attempt History Current Attempt in Progress In January 2022, the management of Sweetwater Corporation, a publicly-traded company, decides that it has sufficient cash to purchase some debt and equity securities to be held as trading investments. During the year, the following transactions occurred. Feb, 1 Mar. 1 Apr. 1 July 1 Aug. 1 Sept. 1 Oct. 1 Oct. 1 Purchased 1,000 shares of NJF common shares for $42,000. Purchased 400 shares of SEK common shares for $17.200. Purchased 74 $1,000,8% CRT bonds for $75.200. Interest is receivable semi-annually on April 1 and October 1. Received a cash dividend of $0.60 per share on the NJF common shares. Sold 220 shares of NJF common shares at $41.00 per share. Received $2 per share cash dividend on the SEK common shares. Received the seni-annual interest on the CRT bonds. Sold the CRT bonds for $80,110. At December 31, Sweetwater's fiscal year end, the fair values of the NJF and SEK common shares were $41 and $32 per share. respectively. (a) Your answer is partially correct. Using multiple attempts has impacted your score. 20% score reduction after attempt 2 Attempts: 3 of 3 used (b) Show the statement of financial position presentation of the Trading Investments at December 31, 2022 SVIEETWATER CORPORATION Statement of Financial Position (Partial) December 31, 2022 loss Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 (c) The parts of this question must be completed in order. This part will be available when you complete the part above MacBook Pro

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