$[$The following information applies to the questions displayed below.$]$

Gioia Company acquired some of the $65,000$ shares of outstanding common stock $($no par$)$ of Tristezza Corporation during the current year as a long$-$term investment. The annual accounting period for both companies ends December $31.$ The following transactions occurred during the current year:

January $10$ Purchased $17,875$ shares of Tristezza common stock at $$11$ per share.

December $31$ a$.$ Received the current year financial statements of Tristezza Corporation that reported net income of $$80,000.$

December $31$ b$.$ Tristezza Corporation declared a cash dividend of $$0\mathrm{.}60$ per share.

December $31$ c$.$ Tristezza Corporation paid the cash dividend declared in $($b$).$

December $31$ d$.$ Determined the market price of Tristezza stock to be $$10$ per share.