Rose Company had no short-term investments prior to year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017. Apr. 16 Purchased 8,000 shares of Gem Co. stock at $25.25 per share plus a $380 brokerage fee. May 1 Paid $170,000 to buy 3-month U.S. Treasury bills (debt securities): $170,000 principal amount, 6% interest, securities mature on July 31. July 7 Purchased 4,000 shares of PepsiCo stock at $50.00 per share plus a $350 brokerage fee. 20 Purchased 2,000 shares of Xerox stock at $17.00 per share plus a $430 brokerage fee. Aug. 1 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 31. 15 Received an $1.00 per share cash dividend on the Gem Co. stock. 28 Sold 4,000 shares of Gem Co. stock at $32.00 per share less a $470 brokerage fee. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.15 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.15 per share cash dividend on the PepsiCo shares. rev: