Investments in Equity Securities Noonan Corporation prepares quarterly financial statements and invests its excess funds in marketable securities. At the end of 2018, Noonan's portfolio of trading investments consisted of the following equity securities: Number of Security Keene Company Sachs Inc. Bacon Company Shares 500 800 400 Cost per Share $60 43 70 Fair Value per Share $60 72 During the first half of 2019, Noonan engaged in the following investment transactions: Jan. 6 Sold one-half of the Sachs shares for $45 per share. Feb. 3 Purchased 700 shares of Jackson Corporation common stock for $45 per share Mar. 31 Dividends of $2,500 were received on the investments, and the following information is available on market prices