At the beginning of 2016, Ace Company had the following portfolio of investments in available-for-sale securities (common stock): Security Cost 12/31/15 Fair Value S21,000 35,000 Totals $56,000 $26,500 34,500 $61,000 During 2016, the following transactions occurred: May 3 July 16 Dec. 31 Purchased C securities (common stock) for S13,000. Sold all of the A securities for $26,500. Received dividends of $800 on the B and C securities, for which the following information was available: Security 12/31/16 Fair Value $36,400 14,300