On December 31,2021 , the end of its first year of operations, Wildhorse Associates owned 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 $0.50 per share cash dividend on C Co. common stock. Sept. 1 Sold 1,020 shares of D Co. common stock for cash at $8 per share. Oct. 1 Sold 310 shares of C Co. common stock for cash at $52 per share. Nov. 1 Received $1 per share cash dividend on E Co. common stock. Dec. 15 Received $0.50 per share cash dividend on C Co. common stock. 31 Received $2.00 per share semiannual cash dividend on D Co. common stock. At December 31 , the fair values per share of the common stocks were C Co. $47, D Co. $7.30, and EC. $25. These investments should be classified as long-term. ihow the balance sheet presentation of the investments at 2022. These investments should be classified as long-term