Equity and Available-for-Sale Investments O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Cost Fair Value Bernard Co. $27,000 $24,600 Chadwick Co. 37,800 35,300 $64,800 $59,900 The investment in Jolly Roger Co. stock represents 32% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 2015: Jan. 2. Purchased $57,600 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on June 30 and December 31. June 30. Oct. 1. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Purchased $39,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. 9. Dividends of $10,800 are received on the Jolly Roger Co. investment. Dec. 31. Jolly Roger Co. reported a total net income of $93,000 for 2015, which O'Brien Industries Inc. recorded using the equity method. 31. 31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. 31. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: Issuing Company Fair Value Bernard Co. $24,300 Chadwick Co. 33,300 Gozar Inc. 60,800 Nightline Co. 38,220 For the year ending December 31, 2015, O'Brien Industries Inc. reported net income of $148,800 and paid no dividends.