In January $2027,$ the management of Cullumber Company concludes that it has sufficient cash to permit some short$-$term investments in debt and equity securities$.$ During the year, the following transactions occurred.

Feb. $1$ Purchased $500$ shares of Muninger common stock for $$25,000.$

Mar. $1$ Purchased $700$ shares of Tatman common stock for $$17,500.$

Apr. $1$ Purchased $40$ of $$1,110,7\%$ Yoakem bonds for $$44,400.$ Interest is payable semiannually on April $1$ and October $1.$

July $1$ Received a cash dividend of $$0\mathrm{.}70$ per share on the Muninger common stock.

Aug. $1$ Sold $167$ shares of Muninger common stock at $$60$ per share.

Sept. $1$ Received a $$1$ per share cash dividend on the Tatman common stock.

Oct. $1$ Received the semiannual interest on the Yoakem bonds.

Oct. $1$ Sold the Yoakem bonds for $$43,000.$

At December $31,$ the fair value of the Muninger and Tatman common stocks were $$51$ and $$24$ per share respectively. These stock investments by Cullumber Company provide less than a $20\%$ ownership interest.

$(a).$

$($b$)$

$(c)$

Your Answer Correct Answer

Show the balance sheet presentation of investment securities at December $31,2027.$

Cullumber Company

Balance Sheet $($Partial$)$