Crane Inc. had these transactions pertaining to investments in common stock:

Jan. $1$ Purchased $1,130$ shares of Gate Corporation common stock $(5\%$ of outstanding shares$)$ for $$56,500$ cash.

July $1$ Received a cash dividend of $$8$ per share.

Dec. $1$ Sold $880$ shares of Gate Corporation common stock for $$45,760$ cash.

$31$ Received a cash dividend of $$8$ per share.