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Oriole Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: 2024
Oriole Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: 2024 2025 2026 Gains (losses) from sale of securities $14,500 $(20,700) $13,600 Unrealized holding losses on valuation of securities (25,400) (15,600) Unrealized holding gain on valuation of securities 9,800 At January 1, 2027, Oriole owned the following securities: Cost BKD Common (16.000 shares @ $32) LRF Preferred (2.000 shares @ $107) $512,000 214,000 During 2027, the following events occurred: 1 Sold 4,600 shares of BKD for $161.000. 2 Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000. At 12/31/27, the fair values for Oriole's investments were: BKD Common, $30 per share LRF Preferred, $112 per share Horton Common, $44 per share (b) Compute the aggregate cost and fair values for Oriole's securities portfolio at 12/31/27. Aggregate cost Aggregate fair value $ eTextbook and Media List of Accounts
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