Question: 10- Chapters 12 Current Attempt in Progress During 2021, Toy Co Financial Corporation had the following trading investment transactions: Question 3 of 5 < >
10- Chapters 12 Current Attempt in Progress During 2021, Toy Co Financial Corporation had the following trading investment transactions: Question 3 of 5 < > 3 11.27/20 E + Feb. 1 Purchased 660 CBF common shares for $40.260. Mar. 1 Purchased 780 RSD common shares for $24,180. Apr. 1 July 1 Purchased 7% MRT bonds at face value, for $59,600. Toy Co received interest from these bonds semi-annually on April 1 and October 1. Received a cash dividend of $3 per share on the CBF common shares. Aug 1 Sold 220 CBF common shares at $60 per share. Oct. 1 Received the semi-annual interest on the MRT bonds. 1 Sold the MRT bonds for $61,500. Dec. 30 RSD declared a dividend of $1.60 per share, payable on January 15 next year. Dec. 31 The market prices of the CBF and RSD common shares were $57 and $33 per share, respectively. (c) Determine the balance in each of the statement of income accounts that is affected in the transactions above and indicate how the accounts would be presented on the statement of income for the year ended December 31, 2021. (Round answers to O decimal places, e.g. 5,250. Enter loss using either a negative sign preceding the number eg.-2,945 or parentheses e.g. (2,945).) TOYCO FINANCIAL CORPORATION Statement of Income (Partial) December 31, 2021 Q Search ENG US D
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