QUESTION $5(15$ marks$)$:

During $2026,$ Carleton Company had the following transactions relating to its investments held for trading:

Feb $1$ Purchased $1,100$ common shares of Kanata Corp for $$13$ each.

May $20$ Purchased $3,000$ shares of Orleans Corp for $$27$ each.

Jul $1$ Received dividends totalling $$3,300$ from Kanata Corp.

Sep $10$ Sold $1,000$ shares of the investment in Orleans Corp for $$23$ per share.

Nov $30$ Sold $800$ shares Orleans Corp for $$30$ per share.

On December $31,$ Carleton's year end, the Kanata Corp shares are trading at $$12$ and the Orleans Corp shares are trading at $$31.$

Instructions

a$)$ Record the transactions and prepare any adjusting entries required at December $31,2026.$

b$)$ Determine the amounts to be reported on Carleton's balance sheet and income statement at December $31,2026$ related to its investment in equity securities