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QUESTION 3 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 490 shares of Wade common stock (2%) for $4,900 cash.

QUESTION 3 Hulse Company had the following transactions pertaining to stock investments. Feb. 1 Purchased 490 shares of Wade common stock (2%) for $4,900 cash. July 1 Received cash dividends of $1 per share on Wade common stock. Sept. 1 Sold 245 shares of Wade common stock for $4,165. Dec. 1 Received cash dividends of $2 per share on Wade common stock.

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