Flounder Company has the following securities in its investment portfolio on December 31,2025 (all securities were purchased in 2025): (1) 3,300 shares of Anderson Co. common stock which cost $62,700,(2)9,200 shares of Munter Ltd. common stock which cost $515,200, and (3) 5,500 shares of King Company preferred stock which cost $231,000. The Fair Value Adjustment account shows a credit of $9,600 at the end of 2025 . In 2026, Flounder completed the following securities transactions. 1. On January 15 , sold 3,300 shares of Ander son's common stock at $20 per share less fees of $1,960. 2. On April 17, purchased 1,100 shares of Castle's common stock at $32.00 per share plus fees of $2,030. On December 31, 2026, the market prices per share of these securities were Munter $64, King $40,0 and Castle $24. In addition, the accounting supervisor of Flounder told you that, even though all these securities have readily determinable fair values, Flounder will not actively trade these securities because the top management intends to hold them for more than one year: Flounder Company has the following securities in its investment portfolio on December 31,2025 (all securities were purchased in 2025): (1) 3,300 shares of Anderson Co. common stock which cost $62,700,(2)9,200 shares of Munter Ltd. common stock which cost $515,200, and (3) 5,500 shares of King Company preferred stock which cost $231,000. The Fair Value Adjustment account shows a credit of $9,600 at the end of 2025 . In 2026, Flounder completed the following securities transactions. 1. On January 15 , sold 3,300 shares of Ander son's common stock at $20 per share less fees of $1,960. 2. On April 17, purchased 1,100 shares of Castle's common stock at $32.00 per share plus fees of $2,030. On December 31, 2026, the market prices per share of these securities were Munter $64, King $40,0 and Castle $24. In addition, the accounting supervisor of Flounder told you that, even though all these securities have readily determinable fair values, Flounder will not actively trade these securities because the top management intends to hold them for more than one year