l. Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face

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l. Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of $375. The bonds are classified as a held-to-maturity long-term investment.

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m. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (g).

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n. Received a dividend of $0.60 per share from the Solstice Corp. investment in (f).

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o. Sold 1,000 shares of Solstice Corp. at $45, including commission.

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p. Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method.

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q. Accrued interest for three months on the Dream Inc. bonds purchased in (l).

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r. Pinkberry Co. recorded total earnings of $240,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income.

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s. The fair value for Solstice Corp. stock was $39.02 per share on December 31, Year 1. The investment is adjusted to fair value, using a valuation allowance account. Assume that Valuation Allowance for Available-for-Sale Investments had a beginning balance of zero.