On September 1, 2023, Jacob Ltd. purchased 100,000 common shares for a 20% interest in BlueSky Drilling Corporation for $15 per share, and paid a $7,000 brokerage commission for the purchase. Jacob Ltd. intends to hold this investment for several years and does not have significant influence over BlueSky Drilling. The market value of the BlueSky Drilling shares at December 31, 2023, is $19 per share. On February 15, 2024 BlueSky Drilling distributed a total dividend to its shareholders of $50,000. Jacob Ltd. sold one-half of the shares on June 30, 2024 for $16 per share