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On February 15, Jewet Company buy 6,300 hares of Marcelo Corporation at $2870 per share. The stock la classified as a stock investment with insignificant

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On February 15, Jewet Company buy 6,300 hares of Marcelo Corporation at $2870 per share. The stock la classified as a stock investment with insignificant influence. This is the company's first and only stock westment on March 15, Marcelo Corporation declares a dividend of 122 pet share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and mately sells half of the Marcelo Corporation stock on November of the current year for $29.47 pet shere. The tal value of the remaining 3.150 shares is $20.67 pers. The amount that Jewel Company should report in the asset section of the year and December the sheet for its investment in Marcelo Corporationis Me Chore son O SIBLE O 593.460

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