n May 20, Montero Company paid $276,000 to acquire 135 shares (4%) of ORD Corporation as a long-term investment. On ugust 5, Montero sold one-tenth of the ORD shares for $28,500. 1. Prepare entries to record both the acquisition and the sale of these shares. 2. Should this stock investment be reported at fair value or at cost on the balance sheet?