Question: Current Attempt in Progress During the year ended December 31, 2024, Monty Corporation, a public company, had the following transactions related to investments held for

Current Attempt in Progress During the year ended December 31, 2024, Monty Corporation, a public company, had the following transactions related to investments held for trading purposes: Feb. 1 Purchased 555 IBF common shares for $28,860. Mar. 1 Purchased 1,530 Raimundo common shares for $52.020. Apr. 1 Purchased $189,000 of CRT 3% bonds at par. Interest is payable semi-annually on April 1 and October 1. July 1 Aug. 1 Received a cash dividend of $2.00 per share on the IBF common shares. Sold 265 IBF common shares at $56 per share. Oct. 1 Received the semi-annual interest on the CRT bonds. 1 Sold the CRT bonds for $194,000. Dec. 31 The fair values of the IBF and Raimundo common shares were $58 and $30 per share, respectively. Your answer is partially correct. Record the transactions and any required year-end adjusting entries. (Round answers to O decimal places, eg 5,275. Credit account places, eg 75. Credit accou titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 Mar. 1 Cash Investment in Associate Apr. 1 Cash Investments at FVTPL July 1 Cash Debit 28860 52020 189000 1110 Investment Income or Loss 14840 Aug 11 v Cash Investments at FVTPL Credit 28860 52020 189000 1110 Aug 1 Cash Investments at FVTPL Investment Income or Loss (Collection of interest revenue.) (To record sale of investment.) eTextbook and Media 14840 Show the financial statement presentation of the investments and any related accounts in the financial statements for the year ended December 31, 2024. (Round answers to O decimal places, eg. 5,275) MONTY CORPORATION Balance Sheet (Partial) December 31, 2024 Current Assets MONTY CORPORATION Income Statement (Partial) Year Ended December 31, 2024 Investment Income or Loss eTextbook and Medial

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