O'Brien Industries Inc. is a book publisher. The available-for-sale investments at cost and fair value on December 31, 2014, are as follows: Issuing Company Cost Fair Value Bernard Co. $18,700 $17,000 Chadwick Co. 36,000 33,700 $54,700 $50,700 The investment in Jolly Roger Co. stock represents 32% of the outstanding shares of Jolly Roger Co. The following selected transactions occurred during 20Y5: Jan. 2. June 30. Oct. 1. 9. Dec. 31. 31. 31. 31. Purchased $40,000 of Gozar Inc. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on June 30 and December 31. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Purchased $33,000 of Nightline Co. 5%, 10-year bonds at 100. The bonds are classified as an available-for-sale investment. The bonds pay interest on October 1 and April 1. Dividends of $9,100 are received on the Jolly Roger Co. investment. Jolly Roger Co. reported a total net income of $82,000 for 2015, which O'Brien Industries Inc, recorded using the equity method. Received interest for 6 months on the Gozar Inc. bonds purchased on January 2. Accrued 3 months of interest on the Nightline bonds. Adjusted the available-for-sale investment portfolio to fair value, using the following fair values: