Safety Development Corporation had relatively large idle cash balances and invested them as follows in securities to be held as non- strategic investments: 2023 Feb. 7 Purchased 2,700 common shares of Royal Bank at $27.00, plus $500 in transaction fees.. 19 Purchased 1,700 common shares of Imperial Oil at $53.00, and paid $250 in transaction fees. Apr. 1 Paid $93,215 plus $500 in transaction fees for a 7.80%, four-year, $95,000 Minco Inc. bond that pays interest quarterly beginning June 30. The market rate of interest on this date was 8.20%. Sellers Corporation plans to hold this investment for the duration of the bond's contract life. May 26 Purchased 2,500 common shares of BCE at $13.88, plus $200 in transaction fees. June 1 Received a $0.25 per share cash dividend on the Royal Bank common shares. Aug. 17 Sold 1,700 Royal Bank common shares at $27.50. 30 Received interest on the Minco Inc. bond. 5 Received a $0.50 per share cash dividend on the Imperial Oil common shares. Sept. 1 Received a $0.275 per share cash dividend on the remaining Royal Bank common shares. 30 Received interest on the Minco Inc. bond. Dec. 31 Received interest on the Minco Inc. bond. On December 31, 2023, the fair values of the investments held by Safety Development Corporation were: Royal Bank, $28.00; Imperial Oil, $51.38; and BCE, $14.00. Assume the fair value and carrying value of the Minco Inc. bond were equal.