On December 31, 2020, Crane Associates owned the following securities, held as a long-term investment. The securities are not held for influence or control of the investee. Common Stock Shares Cost Gehring Co. 2,000 $60,000 Wooderson Co. 5,200 36,400 Kitselton Co. 1,400 25,200 On December 31, 2020, the total fair value of the securities was equal to its cost. In 2021, the following transactions occurred: Aug. 1 Sept. 1 Oct. 1 Nov. 1 Dec. 15 Dec 31 Received $0.50 per share cash dividend on Gehring Co. common stock Sold 1,560 shares of Wooderson Co. common stock for cash at $6 per share. Sold 800 shares of Gehring Co. common stock for cash at $33 per share. Received $2 per share cash dividend on Kitselton Co, common stock. Received $0.50 per share cash dividend on Gehring Co., common stock Received $2 per share annual cash dividend on Wooderson Co. common stock. At December 31, the fair values per share of the common stocks were: Gehring Co. $32. Wooderson Co. $6. and Kitselton Co. $16.