Supporting records of Mayon Corp. trading securities portfolio show the following debt and equity securities: Security Cost fair value 400 ordinary shares concave co. 254 500 243,000 800,000 Tipo co. 7 %% bands 796,500 774,D00 1,200,000 turkey co, 7 XX bonds 1,207,500 1,218,900 Totals 2,258,500 2,235,900 Interest dates on the bands are January 1 and July 1. Mayon corporation uses the income approach to record the purchase of bands with accrued interest. During 2018 and 2019, Mayon completed the following transactions related to trading securities. 2018 Jan 1 received semiannual interest on bonds. Assume that the appropriate adjusting entry was made on Dec 31 2017 April 1 sold 600,000 of 7 1/2 bands at 102 plus accrued interest. Brokerage fees were 2,000 May 21 received dividend of 1.25 per share on the concave ordinary share capital. The dividend had not been recorded on the date of declaration July 1 received semiannual interest on bonds and then sold the 75% tipo bands at 97 1/2. The brokerage fee was 2,500 Aug 15 purchased 200 shares of newman Inc. ordinary share capital at 580 per share plus brokerage fee of 500 Nov 1 purchased 500,000 of 856 toll co. bonds at 101 plus accrued interest. Brokerage fees were 1,250. The interest dates are Jan 1 and July 1 Dec 31 market prices of securities were: Concave ordinary share P550 7 1/2%% turkey bonds 101 3/4 876 tall bands 101 Newman ordinary share P583.75 2019 Jan 2 recorded the receipt of semiannual interest on bands Feb 1 sold the remaining 7 1/2 turkey bonds at 101 plus accrued interest