Required information Comprehensive Problem 07-63 (LO 07-1, LO 07-2, LO 07-3, LO 07-4) (Algo) [The following information applies to the questions displayed below] During 2021, your clients. Mr. and Mrs. Howell, owned the following investment assets: Investment Assets 300 shares of IBM common 200 shares of IBM coo 3,000 shares of Apple preferred 2,100 shares of Cisco connon 420 shares of Vanguard mutual fund Date Acquired 11/22/2018 4/3/2019 12/12/2019 8/14/2020 3/2/2021 Purchase Price $10,360 43,260 148,000 Broker's Commission Paid at Time of Purchase $ 100 300 1,300 550 "No commissions are charged when no-load mutual funds are bought and sold. 52,600 No-load fund Because of the downturn in the stock market, Mr. and Mrs. Howell decided to sell most of their stocks and the mutual fund in 2021 and to reinvest in municipal bonds. The following investment assets were sold in 2021: Investment Assets 3,000 shares of Apple preferred Broker's Commission Paid at Date Sold: Sale Price 300 shares of 18 common 2,100 shares of Cisco common 451 shares of Vanguard mutual fund Time of Sale 516 10/5 8/15 12/21 $ 13,800 221,500 63,268 15,800 $ 100 2,000 650 "No commissions are charged when no-load mutual funds are bought and sold. No-load fund nodes of the Case