On February 15 , Jewel Company buys 7,600 shares of Marcelo Corporation at $28.59 per share. The stock is classified as a stock investment with insignificant influence. This is the company's first and only stock investment. On March 15 , Marcelo Corporation declares a dividend of $1.21 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and uttimately sells half of the Marcelo Corporation stor on November 17 of the current year for $29.36 per share. The fair value of the remaining 3,800 shares is $29.56 per share. The amount that Jewel Company should report in the asset section of its year-end December 31 balance sheet for its investment in Marcelo Corporation is: Multiple Choice $2,434 $3,474, $112,328 56,355 5217709