spring inc had the following transactions pertaining to investments in common stock 582970

Jan. 1

Purchased 2,500 shares of Angeltide Corporation common stock (5%) for $140,000

cash plus $2,100 broker’s commission.

July 1

Received a cash dividend of $3 per share.

Dec. 1

Sold 500 shares of Angeltide Corporation common stock for $32,000 cash, less $800

broker’s commission.

Dec. 31

Received a cash dividend of $3 per share.