7.15-03,ALGO (Algorithmic) Stock Investment Transactions, Equity Method and Available-for-Sale Securities Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1, Year 1. The following transactions relate acquired by Glacier Products Inc., which has a fiscal year ending on December 31 Year Jan. 18. July 22. Oct. 5. Dec. 18. Dec. Malmo Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $39 per share 31 Use the valuation allowance for available-for-sale investments account in making the adjustment Year Purchased 5,500 shares of Malmo Inc. as an available-for-sale security at $42 per share, including the brokerage commission. A cash dividend of $0.55 per share was received on the Malmo stock Sold 2,500 shares of Malmo Inc. stock at $47 per share, less a brokerage commission of $30. Received a regular cash dividend of $0.55 per share on Malmo Inc. stock