Prepare entries to record the following non-strategic investment transactions of Wiki Inc.:

Analysis Component: How would the financial statements have been affected differently if the dividends received on June 15 were from a significant influence investment or investment in associate as opposed to a non-strategicinvestment?

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2014 I Feb Paid $120,200 to purchase a $124,000 four-year, 396 bond payable of Wella Inc. dated Feb. 1. Interest is paid semi-annually beginning August1 Bought 100,000 common shares of Regina Inc. for a total of $85,600 Regina Inc.'s board of directors declared a total dividend of $525,000 regarding the total 3,500,000 shares issued and outstanding. The date of record is May 30, payable June 15 Mar. May 29 7 June 1 Paid $139,000 to purchase a five-year, 6%, $136,000 bond payable of Yates Corporation. Interest is paid annually each May 30 Received a cheque regarding the dividends declared on May 7 15 Aug 1 Received a cheque from Wella Inc. regarding semi-annual interest. 1 Sold the Wella Inc. bond at 98 17 Purchased 75,000 Tech Inc. common shares at $6.00 Sold 75,000 of the Regina Inc. shares at $0.95 Accrued interest on the Yates bond. Fair values of the equity securities on this date were: Regina, 50.95; Tech Inc., $5.50. Assume that the carrying value of the Yates bond was equal to its fair value Dec. 1 31 2015 30 May Received a cheque from Yates Corporation regarding annual interest.