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On February 15, Jewel Company buys 6.200 shares of Marcelo Corp. common at exist28.71 per share plus a brokerage fee of exist485. The stock is

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On February 15, Jewel Company buys 6.200 shares of Marcelo Corp. common at exist28.71 per share plus a brokerage fee of exist485. The stock is classified as available-for-sale securities. On March 15. Marcelo Corp. declares a dividend of exist123 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November 17 of the current year for exist29.48 per share less a brokerage fee of exist340 The fair value of the remaining shares is exist29.68 per share The amount that Jewel Company should report in the equity section of its year-end December 31 balance sheet for its investment in Marcelo Corp is (Round your intermediate and final dollar values to the nearest dollar amount) exist7, 626. exist1, 804. exist5.529. exist9.430. exist2.764

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