Novak Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments income statement: 2024 2025 2026 Gains (losses) from sale of securities $14,900 $(19,400) $14,600 Unrealized holding losses on valuation of securities (25,900) (15,200) Unrealized holding gain on valuation of securities 11,000 At January 1, 2027, Novak owned the following securities: Cost BKD Common (16,000 shares @ $30) $480,000 LRF Preferred (2,000 shares @ $103) 206,000 During 2027, the following events occurred: 1. Sold 4,600 shares of BKD for $161,000. 2. Acquired 1,100 shares of Horton Common for $42 per share. Brokerage commissions totaled $1,000. At 12/31/27, the fair values for Novak's investments were: BKD Common, $28 per share LRF Preferred, $108 per share Horton Common, $47 per share Compute the aggregate cost and fair values for Novak's securities portfolio at 12/31/27. Aggregate cost Aggregate fair value $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit