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On December 31, 2021, the end of its first year of operations, Cullumber Associates owmed the following securities that are held as long-term investments. On

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On December 31, 2021, the end of its first year of operations, Cullumber Associates owmed the following securities that are held as long-term investments. On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over the investees. In 2022, the following transactions occurred. July 1 Received $2.00 per share semiannual cash dividend on D Co. common stock. Aug. 1 Received 50.50 per share cash dividend on C Co. common stock. Sept. 1 Sold 990 shares of DC0. common stock for cash at $8 per share. Oct 1 Sold 300 shares of CC e common stock for cash at $53 per share. Nov. 1 Received $1 per share cash dividend on E Ca common stack. Dec. 15 Received 50.50 per share ca fi dividend on C Ca. common stock. 31 Received \$2.10 per share semiannual cish dividend on D Co. common stock. At December 31, the fair values per share of the comman stacks were C CO. $48,DC0.$6,90, and ECO $25. These investments should be classified ar lang term

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