During Year 1, its first year of operations, Galileo Company purchased two available-for-sale investments as follows: Security Shares Purchased Cost Hawking Inc. 680 $27,404 Pavlov Co. 1,840 38,640 Assume that as of December 31, Year 1, the Hawking Inc., stock had a market value of $48 per share and the Pavlov Co. stock had a market value of $38 per share. Galileo Company had net income of $212,000, and paid no dividends for the year ending December 31, Year 1. All of the available-for-sale investments are classified as current assets.