please help me with the question; E13-13. 1.) 2.) 3.)

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513-13 Availab mg / Loss account on December 31, 2019? justification does the EASB give for its treatment of unrealized holding sains and available-for-sale securities? lable for Sale Securities At the end of 2018 Terry Comnany prepared the following ments in available for sale debt securities (all of which were acquired at par value): Company Amortized 12/31/18 Cumulative Change Cost Fair Value in Fair Value A 200 Morgan Company $35,000 $34,200 $ (800) Nance Company 50,000 53.100 3,100 Totals $85,000 $87,300 $2,300 During 2019, the following transactions occurred: July 1 P urchased Oscar Company debt securities with a par value of 100,000 for $98,000. The securities carry on annual interest rate of 10%, mature on December 31, 2021, and pay interest seminannually on July December 31. Terry uses the straight-line method to amortize any discounts or premiums and Oct. 11 Sold all of the Morgan Company securities for $33,000 plus interest of $1,300. Dec. 31 Received interest of $6,000 on the Nance Company and Oscar Company debt securities, and the following yearend total market values were available: Nance Company debt securities, $55,000; Oscar Company debt securities, $ 96,000. Required: 1. Prepare journal entries to record the preceding information. 2. Show how the preceding items are reported on Terry's December 31, 2019, balance sheet. Assume all invest ments are noncurrent. 3. Next Level If Terry uses IFRS, how would the accounting for investments be different from U.S. GAAP? E13-14 Transfer between Categories On December 31, 2018, Leslie Company held an investment in bonds of Kaufmann 10 13.5 Company which it categorized as being held to maturity. At that time, the 8%, $100,000 face value bonds had a carrying value of $107.023.56 and were being amortized using the effective interest method based on a market rate of 7%. Interest on these bonds is paid annually each December 31. 1 . Van bonds