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M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations: Issuing Company Cost Arden Enterprises Inc. $145,600 French Broad
M. Jones Inc. purchased the following available-for-sale securities during 20Y5, its first year of operations: Issuing Company Cost Arden Enterprises Inc. $145,600 French Broad Industries Inc. 63,800 Pisgah Construction Inc. 98,280 $307,680 The fair value of the various available-for-sale securities on December 31, 20Y5, was as follows: Issuing Company Fair Value, Dec. 31, 20Y5 Arden Enterprises Inc. $187,200 French Broad Industries Inc. 81,200 Pisgah Construction Inc. 93,600 $362,000 Required:
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