Transcribed image text : On January 5, 2020, Marin Company purchased the following stock securities: 252 shares Bonter Corporation common stock for $3,780. 420 shares Wane Corporation common stock for $8,400. 672 shares Strauss Corporation common stock for $19,152. Assume that Marin Company cannot exercise significant influence over the activities of the investee companies and that the cost method is used to account for the investments. On June 30, 2020, Marin Company received the following cash dividends: Bonter Corporation $2.00 per share Wane Corporation $1.00 per share Strauss Corporation $1.50 per share On November 15, 2020, Marin Company sold 136 shares of Strauss Corporation common stock for $6,120. On December 31, 2020, the fair value of the securities held by Marin Company is as follows: Per Share Bonter Corporation common stock $10 Wane Corporation common stock 16 Strauss Corporation common stock 28