On September 1, Tech Company purchased 1,600 shares of common stock of Eagle Inc. for $160,000, while not obtaining significant influence over Eagle Inc. On November 1, Tech Company sold 800 shares of the Eagle Inc. stock for $105 per share and incurred brokerage fees of $384 on the sale. At December 31, Eagle Inc. declared and paid dividends of $5 per share. The fair value of the remaining investment in Eagle Inc. was $88,000 on December 31