The following data pertain to the investments of Sumner Company during 2000, the company's first year of operations.

a. Purchased 200 shares of Corporation A stock at $\$ 40$ per share, plus brokerage fees of $\$ 100$. Classified as trading.

b. Purchased $\$ 10,000$ of Corporation B bonds at face value. Classified as trading.

c. Received a cash dividend of 50 cents per share on the Corporation A stock.

d. Received interest of $\$ 600$ on the Corporation B bonds.

e. Purchased 50 shares of Corporation C stock for $\$ 3,500$. Classified as availablefor-sale.

f. Received interest of $\$ 600$ on the Corporation B bonds g. Sold 80 shares of Corporation A stock for $\$ 32$ per share due to a significant decline in the market.

h. Received a cash dividend of $\$ 1.40$ per share on the Corporation $C$ stock.

i. Interest receivable at year-end on the Corporation B bonds amounts to $\$ 200$.

j. Market value of securities at year end: Corporation A stock, $\$ 42$ per share; Corporation B bonds, $\$ 10,200$; Corporation C stock, $\$ 3,450$.

Required:

\section*{PR O B E M 7 - 14}

Investments in Available-for-Sale Securities Enter these transactions in T-accounts, and determine each of the following for the year:

1. Dividend revenue.

2. Bond interest revenue.

3. Net gain or loss from selling securities.

4. Unrealized gain or loss from holding securities.