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The following transactions relate to Portland Cement Ltd.s investment in the debt securities of Kingbird Inc. during 2021 and 2022. Portland is a public company and purchased the investment to earn interest income.

2021
Jan.	1		Purchased $147,600 of Kingbird Inc. eight-year, 7% bonds for $166,869, to yield a market interest rate of 5%. Interest is payable semi-annually on July 1 and January 1.
July	1		Received semi-annual interest on Kingbird bonds.
Dec.	31		Accrued interest at Portlands year end.

2022
Jan.	1		Recorded receipt of interest payment from bonds.
July	1		Recorded receipt of interest payment from bonds.
	2		Sold the bonds on the open market for $160,000.

Record the above transactions. (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 0 for the amounts. Record journal entries in the order presented in the problem. Round answer to 0 decimal places, e.g. 5,276.) 2021

Date	Account Titles and Explanation	Debit	Credit
Jan. 1July 1Dec. 31	Interest ExpenseInvestments at Amortized CostNo EntryLoss on Sale of InvestmentsInvestment in AssociateInterest ReceivableCashInvestments at FVTPLInterest Revenue
	Interest ExpenseCashInvestment in AssociateInvestments at FVTPLInvestments at Amortized CostNo EntryLoss on Sale of InvestmentsInterest RevenueInterest Receivable
	(To record purchase of investment.)
Jan. 1July 1Dec. 31	CashInvestments at Amortized CostInvestments at FVTPLInterest ReceivableInvestment in AssociateNo EntryInterest ExpenseInterest RevenueLoss on Sale of Investments
	Loss on Sale of InvestmentsInterest ReceivableNo EntryInterest ExpenseInterest RevenueInvestments at Amortized CostInvestment in AssociateInvestments at FVTPLCash
	Interest ExpenseCashNo EntryLoss on Sale of InvestmentsInvestments at FVTPLInterest RevenueInvestment in AssociateInvestments at Amortized CostInterest Receivable
	(To record collection of interest.)
Jan. 1July 1Dec. 31	Investment in AssociateLoss on Sale of InvestmentsInvestments at Amortized CostInvestments at FVTPLInterest RevenueNo EntryInterest ReceivableInterest ExpenseCash
	Investments at Amortized CostInvestment in AssociateInvestments at FVTPLInterest RevenueInterest ReceivableCashNo EntryInterest ExpenseLoss on Sale of Investments
	Investments at FVTPLInterest ExpenseCashInvestments at Amortized CostInterest RevenueNo EntryInvestment in AssociateLoss on Sale of InvestmentsInterest Receivable
	(To accrue interest revenue.)

2022

Date	Account Titles and Explanation	Debit	Credit
Jan. 1July 1July 2	Interest ReceivableInvestments at Amortized CostInvestment in AssociateInterest RevenueCashInvestments at FVTPLNo EntryLoss on Sale of InvestmentsInterest Expense
	Investments at Amortized CostLoss on Sale of InvestmentsInvestment in AssociateCashNo EntryInterest RevenueInterest ReceivableInterest ExpenseInvestments at FVTPL
	(Collection of interest receivable.)
Jan. 1July 1July 2	Interest ReceivableCashNo EntryInvestment in AssociateInvestments at FVTPLInterest ExpenseInterest RevenueInvestments at Amortized CostLoss on Sale of Investments
	No EntryInvestment in AssociateCashInterest ReceivableInvestments at Amortized CostLoss on Sale of InvestmentsInterest RevenueInvestments at FVTPLInterest Expense
	Investments at Amortized CostLoss on Sale of InvestmentsNo EntryInterest ExpenseInterest ReceivableInvestment in AssociateInvestments at FVTPLCashInterest Revenue
	(To record collection of interest.)
July 2	Interest ReceivableInvestments at Amortized CostNo EntryInterest RevenueInterest ExpenseInvestments at FVTPLInvestment in AssociateCashLoss on Sale of Investments
	Interest RevenueInvestments at Amortized CostInterest ReceivableInterest ExpenseCashInvestment in AssociateInvestments at FVTPLNo EntryLoss on Sale of Investments
	Interest ReceivableInterest ExpenseInterest RevenueInvestment in AssociateCashInvestments at FVTPLLoss on Sale of InvestmentsNo EntryInvestments at Amortized Cost
	(To record sale of bonds.)

What is the balance in the investment asset account on December 31, 2021? (Round answer to 0 decimal places, e.g. 5,276.)

Balance of investments in bonds Dec. 31, 2021

$

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