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The following are investment activities for Koko Company. 1 ) On January 3 1 , 2 0 2 3 , Koko Company purchased a $

The following are investment activities for Koko Company.
1) On January 31,2023, Koko Company purchased a $52,000,7-year bond at par with 3% interest paid annually on December 31. Koko Company is planning to hold this investment until maturity.
2) On February 10,2023, Koko Company invested $14,000 in Bast Company by purchasing 2,800 common shares. This is an insignificant investment in Bast Company with the intention of selling it within a year.
3) On March 1,2023, Koko Company made an investment of $74,000 in Engrid Company by acquiring 5% of its 148,000 outstanding common shares. Koko Company plans to hold on to these shares for at least a few years.
4) On April 1,2023, Koko Company received a cash dividend from Bast Company for a total of $1,260.
5) On April 30,2023, Koko Company received a cash dividend from Engrid Company for a total of $1,250.
6) On Koko Companys year-end of May 31,2023, Bast Companys common shares were trading at $6.00 per share, and Engrid Companys shares were trading at $9.00 per share.

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