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Problem 12-2A (Part Level Submission) In January 2015, the management of Kinzie Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 Aug. 1 Sept. 1 Oct. 1 Oct. 1 Purchased 600 shares of Muninger common stock for $31,800 Purchased 860 shares of Tatman common stock for $22,360. Purchased 60 $1,100, 8% Yoakem bonds for $66,000. Interest is payable semiannually on April 1 and October 1 Received a cash dividend of $0.60 per share on the Muninger common stock. Sold 180 shares of Muninger common stock at $64 per share. Received a $2 per share cash dividend on the Tatman common stock. Received the semiannual interest on the Yoakem bonds Sold the Yoakem bonds for $65,000. At December 31, the fair value of the Muninger common stock was $54 per share. The fair value of the Tatman common stock was $25 per share