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In January 2020, the management of Sandhill Company concludes that it has sufficient cash to permit some short-term investments in debt and stock securities. During

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In January 2020, the management of Sandhill 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 500 shares of Muninger common stock for $27.500, Mar 1 Purchased 700 shares of Tatman common stock for $17.500 Apr 1 Purchased 60 $1,150,6% Yoakem bonds for $69,000. Interest is payable semiannually on April 1 and October 1. July Received a cash dividend of $0.60 per share on the Muninger common stock, 1 Aug 1 Sold 167 shares of Muninger common stock at $65 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 $68,000 At December 31, the fair value of the Muninger common stock was $56 per share. The fair value of the Tatman common stock was $24 per share Show the balance sheet presentation of investment securities at December 31, 2020. Sandhill Company Balance Sheet (Partial) $

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