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Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement:
Vaughn Company began operations in 2024. Since then, it has reported the following gains and losses for its equity investments on the income statement: 2024 2025 2026 Gains (losses) from sale of securities $14,100 $(20,900) $13,800 Unrealized holding losses on valuation of securities (25,100) (14,700) Unrealized holding gain on valuation of securities 10,400 At January 1, 2027, Vaughn owned the following securities: Cost BKD Common (16,000 shares @ $32) $512,000 LRF Preferred (2,400 shares @ $106) 254,400 During 2027, the following events occurred: 1. Sold 4,700 shares of BKD for $164,500. 2. Acquired 1,000 shares of Horton Common for $39 per share. Brokerage commissions totaled $1,000. At 12/31/27, the fair values for Vaughn's investments were: BKD Common, $30 per share LRF Preferred, $111 per share Horton Common, $44 per share (b) Compute the aggregate cost and fair values for Vaughn's securities portfolio at 12/31/27. Aggregate cost $ Aggregate fair value $
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