On January 1, 2018 M.T. Glass purchased the following investments: 1, 7,000 shares (representing 12%) of ZZ Company stock for $98,000 2. 20,000 shares (representing 40%) of AA Company stock for $440,0 M.T. Glass recorded the sale of some of its investments in 2019 as follows 1. September 1 sold 4,000 shares of the ZZ Company stock for $76,0 2. December 31 sold 5,000 shares of the AA Company stock for $150, AA Company and ZZ Company reported the following information for th e years 2018 and 2019