In January 2022, the management of Cullumber Company concludes that it has sufficient cash to permit some shortterm 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 $0.70 per share on the Muninger common stock. Aug. 1 Sold 167 shares of Muninger common stock at $60 per share. Sept. 1 Recelved a \$1 per share cash dividend on the Tatman common stock. Oct. 1 Recelved 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. (To recond the receipt of semiannual interest on Yorkem bonds) (To record the sale of Yoakem bonds)