Peter Pan Incorporated is a travel agency that specializes in air travel. The following transactions relate to securities acquired by Peter Pan Inc., which has a fiscal year ending on December 31: 2012 Jan. 10 Purchased 2,400 shares of Manly Tights Inc. as a trading security at $12 per share plus a brokerage commission of $480. 30 Received an annual dividend of $0.24 per share on Manly Tights Inc. stock. Feb. 15 Purchased 1,600 shares of Cloak & Dagger Inc, as a trading security at $10.50 per share plus a brokerage commission of $384. Mar. 23 Purchased an influential interest in Wendy Co, for $650,000 by purchasing 45,000 shares directly from the estate of the founder Wendy Wicked. There are 150,000 shares of Wendy Co. stock outstanding. Cloak & Dagger Inc. stock was split three for one. The regular cash dividend of $0.30 per share was received on the stock after the stock split. Apr. 1 Purchased $76,000 of Pixie Dust Company 6%, 10-year bonds at face value plus accrued interest. The bonds pay interest semiannually on February 1 and August 1. May 7 Purchased 3,100 shares of Feather Cap Corp. as a trading security at $8 per share plus a brokerage commission of $775. June 10 Sold 800 shares of Manly Tights Inc. for $14 per share less a $325 brokerage commission. July 1 Purchased $102,000 of Hooks and Hands Company 8%, 20-year bonds at face value plus accrued interest. The bonds pay interest semiannually on March 1 and September 1. Aug. 1 Received semiannual interest on Pixie Dust Company bonds. Sept. 1 Received semiannual interest on Hook and Hands Company bonds. Oct. 15 Received an annual dividend of $0.18 per share on Feather Cap Corp. stock. Nov. 7 Sold 1,900 shares of Cloak & Dagger Inc. for $3 per share less a $180 brokerage commission. Dec. 31 Received an annual dividend of $0.80 per share on Wendy Co, stock. Wendy Co, reported net income of $276,000 in 2012. 31 Continued. 2012 31 Accrued interest on Pixie Dust Company bonds. Accrued interest on Hooks and Hands Company bonds. Dec. 31 Adjusted the investment portfolio to fair value using the following fair value amounts: Investments Manly Tights Inc. Cloak & Dagger Inc. Pixie Dust Company Feather Cap Corp. Hooks and Hands Company Fair Value $11.75 per share $4.90 per share 98 per $100 of face value $8.50 per share 99 per $100 of face value 2013 Jan 30 Received an annual dividend of $0.24 per share on Manly Tights Inc. stock. Feb. 1 Received semiannual interest on Pixie Dust Company bonds. Mar. 1 Received semiannual interest on Hook and Hands Company bonds. Mar. 30 Received an annual dividend of $0.30 per share on Cloak & Dagger Inc. stock. Apr. 1 Apr. 17 Sold $23,500 of Pixie Dust Company bonds at 102 plus accrued interest. Bought 1,200 shares of Feather Cap Corp. as a trading security at $12.50 per share plus a brokerage commission of $60. Aug. 1 Received semiannual interest on Pixie Dust Company bonds. Sept. 1 Received semiannual interest on Hook and Hands Company bonds. Received an annual dividend of $0.18 per share on Feather Cap Corp. stock. Oct. 15 Nov. 4 Sold 2,200 shares of Feather Cap Corp. for $10.50 per share less a $325 brokerage commission. Dec. 31 Received an annual dividend of $0.60 per share on Wendy Co. stock. Wendy Co. reported net income of $204,000 in 2013. 31 Accrued interest on Pixie Dust Company bonds. 31 Accrued interest on Hooks and Hands Company bonds. Continued Peter Pan Incorporated is a travel agency that specializes in air travel. The following transactions relate to securities acquired by Peter Pan Inc., which has a fiscal year ending on December 31: 2012 Jan. 10 Purchased 2,400 shares of Manly Tights Inc. as a trading security at $12 per share plus a brokerage commission of $480. 30 Received an annual dividend of $0.24 per share on Manly Tights Inc. stock. Feb. 15 Purchased 1,600 shares of Cloak & Dagger Inc, as a trading security at $10.50 per share plus a brokerage commission of $384. Mar. 23 Purchased an influential interest in Wendy Co, for $650,000 by purchasing 45,000 shares directly from the estate of the founder Wendy Wicked. There are 150,000 shares of Wendy Co. stock outstanding. Cloak & Dagger Inc. stock was split three for one. The regular cash dividend of $0.30 per share was received on the stock after the stock split. Apr. 1 Purchased $76,000 of Pixie Dust Company 6%, 10-year bonds at face value plus accrued interest. The bonds pay interest semiannually on February 1 and August 1. May 7 Purchased 3,100 shares of Feather Cap Corp. as a trading security at $8 per share plus a brokerage commission of $775. June 10 Sold 800 shares of Manly Tights Inc. for $14 per share less a $325 brokerage commission. July 1 Purchased $102,000 of Hooks and Hands Company 8%, 20-year bonds at face value plus accrued interest. The bonds pay interest semiannually on March 1 and September 1. Aug. 1 Received semiannual interest on Pixie Dust Company bonds. Sept. 1 Received semiannual interest on Hook and Hands Company bonds. Oct. 15 Received an annual dividend of $0.18 per share on Feather Cap Corp. stock. Nov. 7 Sold 1,900 shares of Cloak & Dagger Inc. for $3 per share less a $180 brokerage commission. Dec. 31 Received an annual dividend of $0.80 per share on Wendy Co, stock. Wendy Co, reported net income of $276,000 in 2012. 31 Continued. 2012 31 Accrued interest on Pixie Dust Company bonds. Accrued interest on Hooks and Hands Company bonds. Dec. 31 Adjusted the investment portfolio to fair value using the following fair value amounts: Investments Manly Tights Inc. Cloak & Dagger Inc. Pixie Dust Company Feather Cap Corp. Hooks and Hands Company Fair Value $11.75 per share $4.90 per share 98 per $100 of face value $8.50 per share 99 per $100 of face value 2013 Jan 30 Received an annual dividend of $0.24 per share on Manly Tights Inc. stock. Feb. 1 Received semiannual interest on Pixie Dust Company bonds. Mar. 1 Received semiannual interest on Hook and Hands Company bonds. Mar. 30 Received an annual dividend of $0.30 per share on Cloak & Dagger Inc. stock. Apr. 1 Apr. 17 Sold $23,500 of Pixie Dust Company bonds at 102 plus accrued interest. Bought 1,200 shares of Feather Cap Corp. as a trading security at $12.50 per share plus a brokerage commission of $60. Aug. 1 Received semiannual interest on Pixie Dust Company bonds. Sept. 1 Received semiannual interest on Hook and Hands Company bonds. Received an annual dividend of $0.18 per share on Feather Cap Corp. stock. Oct. 15 Nov. 4 Sold 2,200 shares of Feather Cap Corp. for $10.50 per share less a $325 brokerage commission. Dec. 31 Received an annual dividend of $0.60 per share on Wendy Co. stock. Wendy Co. reported net income of $204,000 in 2013. 31 Accrued interest on Pixie Dust Company bonds. 31 Accrued interest on Hooks and Hands Company bonds. Continued