Problem 16-2A The balance sheet of Spottified Corp. recently included: Investments in significantly influenced and other companies $2,500,000 Spotified Corp. included its short-term investments among the current assets; the inve ments described above were long-term. Assume the co investment transactions during 2014: mpany completed the followi Purchased 8,000 common shares as a short-term investment, paying $25.00 per share plus brokerage commission of $500. Purchased additional shares in a company that is significantly influenced by Spottified Corp. at a cost of $600,000 plus brokerage commission of $4,500. Received semiannual cash dividend of $1.70 per share on the short-ter investment purchased March 3. Mar. 3 4 May 14