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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
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
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