SSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION RACK Problem H-05 a-c Here is Cullumber Company's portfolio of long-term stock investments at December 31, 2019, the end of its first year of operations. 1,430 shares of Batone Inc. common stock 1,100 shares of Mendez Corporation common stock 790 shares of P. Tillman Corporation preferred stock Cost $79,651 74,800 33.970 On December 31, the total cost of the portfolio equaled the total fair value. Cullumber had the following transactions related to the securities during 2020. Jan. 20 Sold 1,430 shares of Batone Inc. common stock at $58 per share. 28 Purchased 370 shares of $10 par value common stock of P. Wahl Corporation at $73 per share. 30 Received a cash dividend of $1.19 per share on Mendez Corporation common stock Feb 8 Received cash dividends of $0.40 per share on P. Tillman Corporation preferred stock. 18 Sold all 790 shares of P. Tillman preferred stock at $37 per share. July 30 Received a cash dividend of $1.00 per share on Mendez Corporation common stock Sept. 6 Purchased an additional 660 shares of the $10 par value common stock of P. Wahl Corporation at $88 per share. Dec 1 Received a cash dividend of $1.50 per share on P. Wahl Corporation common stock At December 31, 2020, the fair values of the securities were: Mendez Corporation common stock $63 per share P. Wahl Corporation common stock $72 per share Cullumber uses separate account titles for each investment, such as Investment in Mendez Corporation Common Stock MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION