Kingbird Company began operations in 2020. Since then, it has reported the following gains and losses for its equity investments in on the income statement: 2020 2021 2022 Gains (losses) from sale of securities $16,000 $14,300 Unrealized holding losses on valuation of securities (24,800) Unrealized holding gain on valuation of securities (14,700) 9,200 At January 1, 2023, Kingbird owned the following trading securities: Cost BKD common (15,000 shares @ $28) $420,000 LRF Preferred (2,400 shares @ $105) 252,000 During 2020, the following events occurred: 1. Sold 5,400 shares of BKD for $183,600. 2. Acquired 1,000 shares of Horton Common for $42 per share. Brokerage commissions totaled $1,000. At 12/31/23, the fair values for Kingbird's investments were: BKD Common, $26 per share LRF Preferred, $110 per share Horton Common, $47 per share