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Question 54 Stewart Corporation's balance sheet at December 31, 2019, showed the following: Short-term investments, at fair value $46,500 Stewart Corporation's trading portfolio of

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Question 54 Stewart Corporation's balance sheet at December 31, 2019, showed the following: Short-term investments, at fair value $46,500 Stewart Corporation's trading portfolio of stock investments consisted of the following at December 31, 2019: Investment Number of Shares Cost Conn Common Stock 200 $28,000 Ares Preferred Stock 400 6,000 Hall Common Stock 300 9,000 $43,000 During 2020, the following transactions took place: Feb. 5 Mar. 30 Sept. 9 Sold 100 shares of Conn common stock for $18,000 Purchased 25 shares of Hall common stock for $1,000. Purchased 50 shares of Hall common stock for $3,000. At year end on December 31, 2020, the fair values per share were: Conn Common Stock Ares Preferred Stock Hall Common Stock Fair Value Per Share $ 158.00 $ 14.00 $ 24.00

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