On February 15, Jewel Company buys 8,000 shares of Marcelo Corp.common at $28.63 per share plus a brokerage fee of $445. The stock is classified as available for sale securities. This is the company's first and only investment in available for sale securities. On March 15, Marcelo Corp. declares a dividend of $115 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 $2940 per share less a brokerage fee of $300. The fair value of the remaining 4.000 shares is $29.60 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 Corp. is: Multiple Choice $3,658 $118.400 a $229,485 $2.558 $6.215