Zeus Investments Inc. is a regional freight company that began operations on January 1, 20Y8. The following transactions relate to trading securities acquired by Zeus Inc., which has a fiscal year ending on December 31:20Y8 Feb. 14. Purchased 4,800 shares of Apollo Inc. common stock at $26 per share plus a brokerage commission of $192. Apollo Inc. has 150,000 shares of common stock outstanding.
Apr. 1. Purchased securities of Ares Inc. as a trading investment for $45,000.

June 1. Sold 600 shares of Apollo Inc. for $32 per share less a $100 brokerage commission.

27. Received an annual dividend of $0.20 per share on 4,200 shares of Apollo Inc. stock.

Oct. 15. Sold the remaining shares of Apollo Inc. for $25.50 per share less a $300 brokerage commission.

Dec. 31. The trading securities of Ares Inc. have a fair value on December 31 of $51,300. 

20Y9

Mar. 14. Purchased securities of Athena Inc. as a trading investment for $78,000.

July 30. Sold securities of Athena Inc. that cost $28,000 for $25,000.

Dec. 31. The fair values of the Ares Inc. and Athena Inc. securities are as follows:

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Issuing Company Cost Fair Value Ares Inc. $45,000 $54,500 Athena Inc. 50,000 60,000