Problem H-5 Here is Sarasota Company's portfolio of long-term available-for-sale securities at December 31, 2016, the end of its first year of operations. 1,800 shares of Batone Inc. common stock 1,300 shares of Mendez Corporation common stock Cost $97,200 89,700 800 shares of P. Tillman Corporation preferred stock 32,800 On December 31, the total cost of the portfolio equaled the total fair value. Sarasota had the following transactions related to the securities during 2017 Jan. 20 Sold 1,800 shares of Batone Inc. common stock at $56.50 per share 28 30 8 18 Sold all 800 shares of P. Tillman preferred stock at $34 per share Purchased 410 shares of $10 par value common stock of P. Wahl Corporation at $78 per share. Received a cash dividend of $1.29 per share on Mendez Corporation common stock. Received cash dividends of $0.35 per share on P. Tillman Corporation preferred stock. Feb. uly 30 Received a cash dividend of $1.89 per share on Mendez Corporation common stock. Sept. 6 Purchased an additional 630 shares of the $10 par value common stock of P. Wahl Corporation at $82 per share. Dec. 1 Received a cash dividend of $1.20 per share on P. wahl Corporation common stock. At December 31, 2017, the fair values of the securities were: Mendez Corporation common stock P. Wahl Corporation common stock $64 per share $77 per share Sarasota uses separate account titles for each investment, such as Investment in Mendez Corporation Common Stock