During the year ended December $31,2024,$ Rakai Corporation, a public company, had the following transactions related to investments held for trading purposes:

Feb.

$1$

Purchased $575$ IBF common shares for $$25,300.$

Mar.

$1$

Purchased $1,500$ Raimundo common shares for $$48,000.$

Apr.

$1$

Purchased $$200,000$ of CRT $3\%$ bonds at par. Interest is payable semi$-$annually on April $1$ and October $1.$

July

$1$

Received a cash dividend of $$1\mathrm{.}50$ per share on the IBF common shares.

Aug.

$1$

Sold $250$ IBF common shares at $$48$ per share.

Oct.

$1$

Received the semi$-$annual interest on the CRT bonds.

$1$

Sold the CRT bonds for $$205,000.$

Dec.

$31$

The fair values of the IBF and Raimundo common shares were $$50$ and $$28$ per share, respectively.

Instructions

Record the transactions and any required year$-$end adjusting entries.

Show the financial statement presentation of the investments and any related accounts in the financial statements for the year ended December $31,2024.$