In January 2012, the management of Stefan Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During the year, the following transactions occurred.

Feb. 1		Purchased 400 shares of Superior common stock for $21,200, plus brokerage fees of $470.
Mar. 1		Purchased 630 shares of Pawlik common stock for $16,380, plus brokerage fees of $350.
Apr. 1		Purchased 40 $1,200, 8% Venice bonds for $48,000, plus $1,300 brokerage fees. Interest is payable semiannually on April 1 and October 1.
July 1		Received a cash dividend of $0.55 per share on the Superior common stock.
Aug. 1		Sold 100 shares of Superior common stock at $65 per share less brokerage fees of $170.
Sept. 1		Received a $2 per share cash dividend on the Pawlik common stock.
Oct. 1		Received the semiannual interest on the Venice bonds.
Oct. 1		Sold the Venice bonds for $48,000 less $1,300 brokerage fees.

At December 31, the fair value of the Superior common stock was $55 per share. The fair value of the Pawlik common stock was $25 per share.