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 4,000 shares of Gem Co. stock at $22.00 per share plus a $460 brokerage fee. May 1 Paid $280,000 to buy 3-month U.S. Treasury bills (debt securities): $280,000 principal amount, 6x Interest, securities mature on July 31. July 7 Purchased 2,000 shares of PepsiCo stock at $53.00 per share plus a $430 brokerage fee. 20 Purchased 1,000 shares of Xerox stock at $16.00 per share plus a $510 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 $.85 per share cash dividend on the Gem Co. stock. 28 Sold 2,000 shares of Gem Co. stock at $28.75 per share less a $550 brokerage fee. Oct. 1 Received a $1.80 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $1.00 per share cash dividend on the remaining Gem Co shares. 31 Received a $1.25 per share cash dividend on the PepsiCo shares. 1 Purchased 4,000 shares of Gem Co. stock at $22.00 per share plus a $460 brokerage fee. 2 Paid $280,000 to buy 3-month U.S. Treasury bills (debt securities): $280,000 principal amount, 6% interest, securities mature on July 31. 3 Purchased 2,000 shares of PepsiCo stock at $53.00 per share plus a $430 brokerage fee. 4 Purchased 1,000 shares of Xerox stock at $16.00 per share plus, a $510 brokerage fee. 5 Received a check for principal and accrued interest on the U.S. Treasury bills that matured on July 29