The Hien company engaged in the following investment transactions during 2020

Date Transaction

02/01 Bought 40,000 of the 100,000 outstanding shares of the A corporation for $400,000 as trading securities. Goodwill of $100,000 was included in the price.

03/01 Purchased 1,000 ordinary shares of the B corporation for $15 per share

04/01 The A corporation reported first quarter profits of $15,000

05/01 Received a $1.5 per share dividend on the shares for the B corporation.

07/01 Purchased 1,000 ordinary shares of the C company for $20 per share those are classified as AFS

12/31 The share price for the B corporation is $20, and $15 for the C corporation

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