Gator Shoes, Inc., manufactures a line of stylish waterproof footwear. The following transactions relate to investments in common stock. Assume that the securities are available-for-sale securities. March 1 Purchases 1,000 shares of Power Drive Corporations common stock for $42 per share. July 1 Receives a cash dividend of $1.25 per share. October 1 Sells 250 shares of Power Drive Corporations common stock for $50 per share. December 31 The fair value of Power Drive Corporations common stock is $55 per share