2018 Purchased 3,000 shares of Beta, Inc. common stock at $14.00 per share. Delivery Dream plans to sell the stock within three months, when the company will need the cash for normal operations. Delivery Dream does not have significant influence over Beta. Received a cash dividend of $0.70 per share on the Beta stock investment. Sold the Beta stock for $14.80 per share. Purchased a Russo bond for $30,000 at face value. Delivery Dream classifies the investment as trading and short-term. Received a $280 interest payment from Russo. Adjusted the Russo bond to its market value of $34,000. Jul. 2 Aug. 21 Sep. 16 Oct. 1 Dec. 31 31 Print Done Requirement 1, Classify each of the investments made during 2018. (Assume the investments represent less than 20% of ownership of outstanding voting stock.) Classification Reason Beta stock Russo bond