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In January 2022, the management of Cullumber Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During

In January 2022, the management of Cullumber Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred.

Jan. 1 Purchased 70 $1,000, 9% TRC bonds for $70,000. Interest is payable annually on December 31.
Feb. 1 Purchased 1,230 shares of LAF common stock for $54,120.
Mar. 1 Purchased 530 shares of NCL common stock for $20,670.
July 1 Received a cash dividend of $0.80 per share on the LAF common stock.
Aug. 1 Sold 215 shares of LAF common stock at $43 per share.
Sept. 1 Received $2 per share cash dividend on the NCL common stock.
Dec. 31 Received the annual interest on the TRC bonds.
31 Sold the TRC bonds for $71,998.

At December 31, the fair values of the LAF and NCL common stocks were $40 and $32 per share, respectively. These stock investments by Cullumber Company provide less than a 20% ownership interest.

Show the balance sheet presentation of investment securities at December 31, 2022.

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