lest Chapters 14 & 15 16/100 Total poines awarded Help On February 15, Jewel Company buys 6.100 shares of Marcelo Corp. common at $2872 per share plus a brokerage fee of $490. The stock is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.24 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for $29.49 per share less a brokerage fee of $345 The fair value of the remaining 3,050 shares is $2969 per share. The amount that Jewel Company should report in the asset section of its year end December 31 balance sheet for ts investment in Marcelo Corp. is points awarded Scored Multiple Choice $90,554 $2.714 $1758 $175.682 $5613 O Type here to search