Question: Please complete in the formats and fields provided. Thank you in advance. During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes.

Please complete in the formats and fields provided. Thank you in advance.Please complete in the formats and fields provided. Thank you in advance.During 2020, Financial Holdings, a public company, purchased equity securities for tradingpurposes. At December 31, 2020, the securities for Financial Holdings were asfollows: Cost Quantity 1,000 2,000 Market Value $18,500 Security Sabo common shares

During 2020, Financial Holdings, a public company, purchased equity securities for trading purposes. At December 31, 2020, the securities for Financial Holdings were as follows: Cost Quantity 1,000 2,000 Market Value $18,500 Security Sabo common shares PYK $1.50 preferred shares Total $20,000 34,000 34,500 $54,000 $53,000 The following transactions with respect to Financial Holdings' investments occurred during 2021: Jan. 15 Mar. 20 Purchased 1,500 common shares of Hazmi for $20.00 per share. The shares are designated as fair value through other comprehensive income. Received dividends on the PYK preferred shares of $1.50 per share. Sold 750 of the Sabo common shares for $20.75 per share. Received dividends on the Sabo common shares of $3.00 per share. Received an additional 1,500 common shares of Hazmi as a result of a 2-for-1 stock split. June 15 Aug 5 Oct. 15 At December 31, 2021, the securities held by Financial Holdings were trading on the TSX at the following prices: Price $21.00 Security Sabo common shares PYK $1.50 preferred shares Hazmi common shares 18.75 9.50 Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) Show how the securities would be reported on Financial Holdings' December 31, 2020, balance sheet. FINANCIAL HOLDINGS Balance Sheet (Partial) e Textbook and Media Record Financial Holdings' 2021 transactions and any required adjusting journal entries at December 31, 2021. (Credit account 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 for the amounts. Record journal entries in the order presented in the problem. Round answer to O decimal places, eg. 5,276.) Date Account Titles and Explanation Debit Credit (To record purchase of investment.) (Stock dividend entry.) (To record fair value adjustment for FVTPL Investments.) (To record fair value adjustment for FVTOCI Investments.) eTextbook and Media Show how the investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021. (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) $ Show how the investment income, gains, and losses would be reported on the statement of comprehensive income for the year ended December 31, 2021. (Ignore income tax) FINANCIAL HOLDINGS Income Statement (Partial) FINANCIAL HOLDINGS Statement of Comprehensive Income (Partial) $

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