Jetway Corporation generated excess cash and invested in securities as follows: 2018 Purchased 4,200 shares of Pogo, Inc. common stock at $12.00 per share. Jetway plans to sell the stock within three months, when the company will need the cash for normal operations. Jetway does not have significant influence over Pogo. Received a cash dividend of $0.80 per share on the Pogo stock investment. Jul. 2 Aug. 21 Sold the Pogo stock for $13.40 per share. Purchased a Violet bond for $20,000 at face value. Jetway classifies the investment as trading and short-term. Received a $100 interest payment from Violet. Adjusted the Violet bond to its market value of $22,000. Sep. 16 Oct. 1 Dec. 31 31 Requirements ments represent less than 20% of ownership of outstanding voting stock.)