Kalkay Inc. needs to account for the following investment transactions.

Jan 15 Purchased 10,000 Bright Corporation common shares, paying $75 per share. Kalkay Inc. intends to hold the investment for a long period of time and has classified the investment as a long-term investment.

June 30 Received a cash dividend of $1.50 per share on the Bright Corporation common shares.

December 31 At year end Bright Corporation's shares were valued at $70 per share.

2018

November 30 Received a cash dividend of $2.00 per share on the Bright Corporation common shares.

December 31 At year end Bright Corporation's shares were valued at $73 per share.

2019

March 31 Kalkay Inc, despite their original intentions, sold 50 % of their Bright Corporation common shares for $76.00 per share due to a cash shortage they were experiencing.

May 31 Received a cash dividend of $1.75 per share on the Bright Corporation common shares.

December 31 At year end Bright Corporation's shares were valued at $77 per share.