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Survivor Company, a public company, had the following transactions in securities during 2017 a) Purchased $1,000,000 par value of 5% Diamond Ltd. bonds (when the market interest rate was 4%), on January 1st, 2017 (right after the interest was paid). The bonds will mature on July 1, 2023, and pay interest on July 1st and January 1st. The bonds will be an amortized cost investment. b) Purchased 100,000 common shares of Midtel Ltd., a publicly-traded company, as an FVTOCI investment on July 1st, 2017. The price per share was $2, plus a $1,500 broker commission. c) Purchased 500,000 common shares of Moose Ltd., a publicly-traded company, as an FVTPL investment on January 1st, 2017. The price per share was $1.50, plus a $2,000 broker comnission d) Moose Ltd. paid a cash dividend of $0.25 per share on June 1st, 2017 e Received the semi-annual interest on the Diamond bonds on July 1st, 2017 f) On July 1st, 2017, invested $2,200,000 in Shining Ltd. Survivor received 30% (30,000 shares) of the common shares of Shining. Survivor felt that it had significant influence with Shining. On the date of acquisition, Shining had tangible assets with a book value of S15,000,000. Liabilities were $8,000,000. All book values represented fair values, except accounts receivable and plant and equipment with a 10-year life. For accounts receivable, book value was $220,000 and fair value was $200,000. For plant and equipment, book value was $7,000,000 and fair values were $7,200,000 g) Purchased 150,000 common shares of Treeline Ltd., a publicly-traded company, accounted for as an FVTOCI investment on August 1st, 2017. $1,050 broker commission. The price per share was $2.00, plus a h) Shining did not declare or pay any dividends in 2017 but reported net income, earned evenly over the year, of $200,000. Goodwill was evaluated and was estimated to have a recoverable amount of $80,000 Required for 2017 Provide entries for all transactions and adjustments related to investments for 2017. Fair values on December 31st: Diamond bonds Midtel Ltd. Moose Ltd. Shining Ltd. Treeline Ltd. 104 S2.00 per share S1.55 per share S1.95 per share Survivor Company had the following transactions in 2018 related to its investments i) Received the semi-annual interest on the Diamond bonds on January 1st j) On Feb 1st, sold 200,000 shares of Moose Ltd. for $1.45 per share, less brokerage fees of S1,800 Shining Ltd. paid a cash dividend of S1 per share on March 1st Received the semi-annual interest on the Diamond bonds on July 1st On June 1st, sold 25,000 shares of Midtel Ltd. for $1.20 per share, less brokerage fees of S1,000 On December 1st, purchased 20,000 shares of Pluto Corp. for S6.50 per share, plus commissions of $1,000. The shares are being held as an FVTOCI investment. Shining reported net income, earned evenly over the year, of $300,000. Goodwill was evaluated and was estimated to have a recoverable amount of $20,000 k) I) m) n) o) Required for 2018: Provide entries for all transactions and adjustments related to investments for 2018. Fair values on December 31s: Diamond bonds Midtel Ltd. Moose Ltd. Pluto Corp Shining Ltd. Treeline Ltd. 102 S2.25 per share S1.25 per share S6.25 per share undeterminable S0.90 per share

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