E16-4 Cummins Corp. reports its annual financial results on June 30 each year. Cummins Corp purchased 1,000 shares in each of three companies. Classify each investment as a short-term or long-term investment. a. Investment to be sold within the next 9 to 12 months. b. Investment to be sold within the next 90 days. C. Investment to be sold within the next two years. 1 2 Classifying equity investments