The year-end fair values per share are: MYC Co., $26.00; STO Co., $48.50; and CMO Co., $14.00.

Edmunds Corp. had no short-term investments prior to the year 2017. It had the following transactions involving short-term investments in available-for-sale securities during 2017.GL1501 - Based on Problem 15-4A LO P4

Apr.		16		Purchased 6,000 shares of MYC Co. stock at $25 per share.
July		7		Purchased 4,500 shares of STO Co. stock at $50 per share.
		20		Purchased 2,000 shares of CMO Co. stock at $17 per share.
Aug.		15		Received a $1.40 per share cash dividend on the MYC Co. stock.
		28		Sold 3,600 shares of MYC Co. stock at $28 per share.
Oct.		1		Received a $3.00 per share cash dividend on the STO Co. shares.
Dec.		15		Received a $1.70 per share cash dividend on the remaining MYC Co. shares.
		31		Received a $2.40 per share cash dividend on the STO Co. shares.

Transaction Analysis

For each transaction, indicate the change, if any, in total assets and total equity. If equity changes indicate whether the change was reflected as a component of net income, or directly within the stockholders' equity portion of the balance sheet. Remember that the change in total assets must agree with the change in total equity.

	Change in	Change in equity:
	Total assets	As a component of net income	As a direct component of stockholders' equity	Total change in equity
Apr. 16) Purchased 6,000 shares of MYC Co. stock at $25 per share.	$0			$0
Jul. 7) Purchased 4,500 shares of STO Co. stock at $50 per share.	0			0
Jul. 20) Purchased 2,000 shares of CMO Co. stock at $17 per share.	0			0
Aug. 15) Received an $1.40 per share cash dividend on the MYC Co. stock.				0
Aug. 28) Sold 3,600 shares of MYC Co. stock at $28 per share.				0
Oct. 1) Received a $3.00 per share cash dividend on the STO Co. shares.				0
Dec. 15) Received a $1.70 per share cash dividend on the remaining MYC Co. shares.				0
Dec. 31) Received a $2.40 per share cash dividend on the STO Co. shares.				0
Dec. 31) Adjusted the securities to year-end fair value.				0
Totals	$0	$0	$0	$0

Fin St Impact

Prove the accuracy of your responses on the Transaction Analysis tab by selecting the account titles reported on the income statement or as a component of stockholders' equity.

On the transaction analysis tab, you indicated that total income changed by:		$0
Select the income statement account balances that prove this amount:
		0
		0
		0
Total net income
On the transaction analysis tab, you indicated that total stockholders' equity changed by:		$0
Select the stockholders' equity account balance that proves this amount:
Change in Retained Earnings due to net income