Show Attempt History Current Attempt in Progress In January 2022, the management of Wildhorse Company concludes that it has sufficient cash to purchase some short-term investments in debt and stock securities. During the year, the following transactions occurred. Jan. 1 Feb. 1 Mar. 1 1 July Aug- 1 Purchased 76 $1,000, 7% TRC bonds for $76,000. Interest is payable annually on December 31. Purchased 1,090 shares of LAF common stock for $46,870. Purchased 490 shares of NCL common stock for $17.150. Received a cash dividend of $0.80 per share on the LAF common stock. Sold 199 shares of LAF common stock at $42 Ber share. Sept. 1 Received $2 per share cash dividend on the NCL common stock. Dec. 31 Received the annual interest on the TRC bonds. 31 Sold the TRC bonds for $77,598. At December 31. the fair values of the LAF and NCL common stocks were $39 and $28 per share, respectively. These stock investments by Wildhorse Company provide less than a 20% ownership interest.