Comprehensive Problem 07-63 (LO 07-1, LO 07-2, LO 07-3, LO 07-4) (Static) Skip to question [The following information applies to the questions displayed below.] During 2024, your clients, Mr. and Mrs. Howell, owned the following investment assets: Investment Assets Date Acquired Purchase Price Broker's Commission Paid at Time of Purchase 300 shares of IBM common (NYSE: IBM) 11/22/2021 $ 10,350 $ 100 200 shares of IBM common (NYSE: IBM) 4/3/2022 43,250 300 3,000 shares of Apple preferred (NASDAQ: AAPL) 12/12/2022 147,000 1,300 2,100 shares of Cisco common (NASDAQ: CSCO) 8/14/2023 52,500 550 420 shares of Vanguard mutual fund 3/2/2024 14,700 No-load fund*Footnote asterisk *Footnote asteriskNo commissions are charged when no-load mutual funds are bought and sold. Because of the downturn in the stock market, Mr. and Mrs. Howell decided to sell most of their stocks and the mutual fund in 2024 and to reinvest in municipal bonds. The following investment assets were sold in 2024: Investment Assets Date Sold Sale Price Broker's Commission Paid at Time of Sale 300 shares of IBM common 5/6 $ 13,700 $ 100 3,000 shares of Apple preferred 10/5 221,400 2,000 2,100 shares of Cisco common 8/15 63,250 650 451 shares of Vanguard mutual fund