In January 2015, the management of Kinzie 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.

At December 31, the fair value of the Muninger common stock was $55 per share. The fair value of the Tatman common stock was $24 per share.

D. Identify the income statement accounts and give the statement classification of each account.

Feb. 1 Purchased 600 shares of Muninger common stock for $32.400. Mar. 1 Purchased 800 shares of Tatman common stock for S20,000. Apr. 1 Purchased 50 si,000, 7% Yoakem bonds for S50,000. Interest is payable semiannually on April 1 and October 1 July 1 Received a cash dividend of $0.60 per share on the M common stock. uninger Aug. 1 Sold 200 shares of Muninger common stock at S58 per share Sept. 1 ceived a S1 per share cash dividend on the Taman common stock. Oct 1Received the semianmual interest on the Yoakem bonds Oct. 1 Sold the Yoakem bonds for $49,000