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Instructions Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 2016. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31 Record these transactions on page 10: 2016 Purchased 18,300 shares of Sankal Inc. as an available-for-sale security at $18 per share, including the brokerage commission Received a cash dividend of $0.22 per share on Sankal Inc. stock. A cash dividend of $0.24 per share was received on the Sankal stock. Sold 3,000 shares of Sankal Inc. stock at $15 per share, less a brokerage commission of $70. Sankal Inc. is classified as an available-for-sale investment and is adjusted to a fair value of $28 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment. Jan. 22 Mar. Sep. Oct. Dec. 8 8 17 31