In January 2022, the management of Blossom 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 700 shares of Muninger common stock for $38,500. Mar. 1 Purchased 900 shares of Tatman common stock for $22.500. Apr. 1 Purchased 30 of $1,070,7% Yoakem bonds for $32,100. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $0.60 per share on the Muninger common stock. Aug. 1 Sold 233 shares of Muninger common stock at $60 per share. Sept. 1 Received a $2 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 $29,600. At December 31, the fair value of the Muninger and Tatman common stocks were $56 and $24 per share respectively, Thesestock investments by Blossom Company provide less than a 20% ownership interest