Capriati Corporation made the following cash purchases of securities during 2012, which is the first year in which Arantxa invested in securities.
1. On January 15, purchased 11,700 shares of Gonzalez Company's common stock at $43.55 per share plus commission $2,574.
2. On April 1, purchased 6,500 shares of Belmont Co.'s common stock at $67.60 per share plus commission $4,381.
3. On September 10, purchased 9,100 shares of Thep Co.'s preferred stock at $34.45 per share plus commission $6,383.
On May 20, 2012, Capriati sold 3,900 shares of Gonzalez Company's common stock at a market price of $45.50 per share less brokerage commissions, taxes, and fees of $3,705. The year-end fair values per share were: Gonzalez $39.00, Belmont $71.50, and Thep $36.40. In addition, the chief accountant of Capriati told you that Capriati Corporation plans to hold these securities for the long term but may sell them in order to earn profits from appreciation in prices.