The following securities are in Frederick Company's portfolio of long-term available-for-sale securities at December 31, 2015. Cost 1,190 shares of Willhite Corporation common stock $61,880 1,500 shares of Hutcherson Corporation common stock 88,500 28,350 1,050 shares of Downing Corporation preferred stock On December 31, 2015, the total cost of the portfolio equaled total fair value. Frederick had the following transactions related to the securities during 2016 Jan. 20 Sold all 1,190 shares of Willhite Corporation common stock at $55 per share 28 Purchased 360 shares of $69 par value common stock of Liggett Corporation at $77 per share. 30 Received a cash dividend of $1.34 per share on Hutcherson Corporation common stock. Feb. 8 Received cash dividends of $0.40 per share on Downing Corporation preferred stock. 18 Sold all 1,050 shares of Downing Corp. preferred stock at $26 per share. July 30 Received a cash dividend of $2.00 per share on Hutcherson Corporation common stock. Sept. 6 Purchased an additional 850 shares of $14 par value common stock of Liggett Corporation at $81 per share. Dec. 1 Received a cash dividend of $1.30 per share on Liggett Corporation common stock. At December 31, 2016, the fair values of the securities were: Hutcherson Corporation common stock $63 per share Liggett Corporation common stock $71 per share