c. Aker Company’s marketable securities consist of 1,500 shares of Heckert Company stock purchased on June 15, 2017, in the open market for $18,000. The securities are purchased as a temporary...

c. Aker Company’s marketable securities consist of 1,500 shares of Heckert Company stock purchased on June 15, 2017, in the open market for $18,000. The securities are purchased as a temporary investment and are sold on January 15, 2018, for $25,000.