In January 2022, the management of Sandhill 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 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 of $1,150,6% Yoakem bonds for $69,000. 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 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 $67,700. At December 31, the fair value of the Muninger and Tatman common stocks were $56 and $24 per share respectively. These stock investments by Sandhill Company provide less than a 20N ownership interest. Stock Investments