Exercise 17-15 Ivanhoe Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for under the equity method Investments Cost 1,500 shares of Gordon, Inc., Common 5,000 shares of Wallace Corp., Common 400 shares of Martin, Inc., Preferred $70,400 183,600 65,300 $319,300 Fair Value $65,600 178,100 66,900 $310,600 All of the securities were purchased in 2017 In 2018, Ivanhoe completed the following securities transactions March 1 Sold the 1,500 shares of Gordon, Inc., Common, $45 less fees of $1,200 April 1Bought 700 shares of Earnhart Corp., Common, @ $75 plus fees of $1,300 Ivanhoe's portfolio of equity securities appeared as follows on December 31, 2018 Investments Fair Value $178,100 50,200 63,300 $291,600 Cost 5,000 shares of Wallace Corp., Common 700 shares of Earnhart Corp., Common 400 shares of Martin, Inc., Preferred $183,600 53,800 65,300 $302,700