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In January 2 0 2 2 , the management of Crane Company concludes that it has sufficient cash to purchase some short - term investment

In January 2022, the management of Crane Company concludes that it has sufficient cash to purchase some short-term investment in debt and stock securities. During the year, the following transactions occurred. Jan. 01: Purchased 65 $1,000,8% TRC bonds for $65,000. Interest is payable annually on Dec. 31. Feb. 01: Purchased 1,150 shares of LAF common stock for $46,000. Mar. 1: Purchased 470 shares of NCL common stock for $16,450. July 1: Received a cash dividend of $0.80 per share on the LAF common stock. Aug. 1: Sold 204 shares of LAF common stock at $39 per share. Sept. 1: Received $2 per share cash dividend on the NCL common stock. Dec. 31: Received the annual interest on the TRC bonds and sold the TRC bonds for $75,263.
At December 31, the fair values of the LAF and NCL common stocks were $36 nd $28 per share, respectively. These stock investments by Crane Company provide less than a 20% ownership interest.
Show the balance sheet presentation of investment securities at December 31,2022.

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