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had the following transactions in 2. Lacy Inc. had the following transactions in 2017 pertaining to investments in commor stock Jan. 1 Purchased 4,000 shares

had the following transactions in
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2. Lacy Inc. had the following transactions in 2017 pertaining to investments in commor stock Jan. 1 Purchased 4,000 shares of Morgan Corporation common stock (5%) for July 1 Dec. 1 Dec. 31 $180,000 cash. Received a cash dividend of $3 per share. Sold 600 shares of Morgan Corporation common stock for $32,000 cash. Received a cash dividend of $3 per share

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