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5. (show your work) In April, Gram used part of the life insurance proceeds she received from Gramps's death to purchase 50 shares in Acme
5. (show your work) In April, Gram used part of the life insurance proceeds she received from Gramps's death to purchase 50 shares in Acme Corporation for $30 per share. From April to the end of December, the value of the shares fluctuated between $40 and $25, but on December 31, the shares were worth $35. If Gram does not sell the shares, how much income from her stockholdings in Acme Corporation does she realize for the year
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