In December 2000, the treasurer of Marble Company concluded that the company had excess cash on hand and decided to invest in Sandy Corporation stock. The company intends to hold the stock for a period of 6 to 12 months and classifies the security as trading. The following transactions took place:

Jan. 1 Purchased 5,500 shares of Sandy Corporation stock for $\$ 82,500$.

Apr. 15 Received a cash dividend of $\$ 0.65$ per share on the Sandy Corporation stock.

May 22 Sold 1,500 shares of the Sandy Corporation stock at $\$ 20$ per share for cash.

July 15 Received a cash dividend of 45 cents per share on the Sandy Corporation stock.

Aug. 31 Sold the balance of the Sandy Corporation stock at $\$ 8$ per share for cash.