Sunland Company began operations in 2020. Since then, it has reported the following gains and losses for its equity investments in on the income statement: 2020 2021 2022 Gains (losses) from sale of securities $15,400 $(20,400) $13,400 Unrealized holding losses on valuation of securities (24,800) - (15,800) Unrealized holding gain on valuation of securities At January 1, 2023, Sunland owned the following equity securities: Cost BKD Common (14,000 shares @ $31) $434,000 LRF Preferred (1,600 shares @ $103) 164,800 During 2023, the following events occurred: 9,100 1. Sold 4,500 shares of BKD for $148,500. 2. Acquired 1,000 shares of Horton Common for $38 per share. Brokerage commissions totaled $1,000. At 12/31/23, the fair values for Sunland's investments were: BKD Common, $29 per share LRF Preferred, $108 per share Horton Common, $43 per share