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Following is a summary of the investments owned by Concord Corporation, as of January 1, 2023: During 2023 , the various companies paid dividends at various times throughout the year, as follows: For each of the investments, indicate which accounting model is most applicable, based on the information provided and Concord follows IFRS. Sheffield Company, a public company following IFRS, purchased $100,000,5% five-year bonds of IAA Corporation on January 1,2024. Interest is payable on July 1 and January 1 . The bond is selling at a $104,491 resulting in a bond premium of $4,491. The effective interest rate is 4%. At the year-end of December 31 , the fair value of the investment was $102,500. Prepare the appropriate journal entries for the year ending December 31,2024 assuming that Sheffield Company uses FV-OCI and the effective interest method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, es. 5.125.) (Receipt of interest) (Accrue interest and amortization (effective interest method) at year end) (Remeasurement to fair value at year end) Assume that Swifty Inc. invests in a bond for $135,000. The bond was purchased at par and is accounted for using amortized cost. At year end, management has determined that there is no significant increase in credit risk, but that there is a 2% chance that the company will not collect 18% of the face value of the bond (which also represents the present value of the bond) in the next 12 months. The expected loss model is used. Prepare the required year-end journal entry. (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 O for the amounts. List debit entry before credit entry.)

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