On March $5,2023,$ Simplex Holding, a private company, purchased $11\%$ of the $1,540,000$ outstanding common shares issued by Utah Holding at a price of $$28\mathrm{.}47$ per share. This investment occurred as part of a business alliance agreement between the two companies. Simplex Holding is planning to hold on to the common shares of Utah Holding for at least $10$ years, if not longer.

During $2023,$ the following activities occurred in regards to this investment

$1)$ On June $26,2023,$ Simplex Holding received a cash dividend from Utah Holding for $$2\mathrm{.}93$ per share.

$2)$ On December $31,2023,$ the year$-$end date of Simplex Holding, Utah Holding shares of common shares were traded at $$29\mathrm{.}79$ per share.