Problem 16-5A

ASSIGNMENT RESOURCES Problem 16-5A securities at December 31, 2017 1,200 shares of 1,100 shares of Downing Corporation preferred stock $50,000 75,600 30,800 common stock eve Results.tOn December 31, 2017, the total cost of the porfolo equaled total fair value. Frederick had the following transactions related to the securties during 2018. obiectivs Jan. 20 Sold all 1,000 shares of Wilhite Corporation common stock at $53 per share. 28 30 Received a cash dividend of $1.15 per share on Hutcherson Corp, common stock Feb. 8 Received cash dividends of s0.60 per share on Downing Corp. preferred stock uly 30 Received a cash dividend of $1.00 per share on Hutcherson Corp. common stock Dec. 1 Received a cash dividend of $1.40 per share on Liggett Corporation common stock At December 31, 2018, the fair values of the securties were: Hutcherson Corporation common stock $67 per share 18 Sold all 1,100 shares of Downing Corp. preferred stock at $27 per share. common stock of Liggett Corporation at $82 per share $72 per share