EC had its sole municipal bond (New York City) redeemed (bought back) in the current year. EC originally purchased the New York City bonds on February 1, 2017 for $100.000 (no premium or discount paid). The bond was redeemed by New York City on February 1, 2022 for $100.000. Both tax basis and proceeds received on this transaction were reported to EC on a Form 1099-B. EC purchased 200 shares of Apple. Inc. on October 10, 2017 for $100.000 (including commission). On July 10, of the current year. EC sold the 200 shares of Apple, Inc. for $350 a share (including commission). Both tax basis and proceeds received on this transaction were reported to EC on a form 1099-B. During the year. EC contributed $8,000 to the American Lung Association. On December 10, EC paid Madison Advertising $27,500 to design a new catering advertisement campaign for next year. This money represented half of the total $55.000 contract price. EC expects that the services will be provided and delivered to EC on about June 30, 2022. E