11 Part 4 of 4 083 points Book 10 m References Required information Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LO P4 The following information applies to the questions displayed below] Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short- term stock investments with insignificant influence April 16 Purchased 8,000 shares of Gen Company stock at $27,00 per share. July Purchased 4,000 shares of PepsiCo stock at $53.00 per share. July 20 Purchased 2,000 shares of Xerox stock at $15.00 per share. August 15 Beceived a 30.95 per share cash dividend on the Gem Company stock. August 20 Sold 4,000 shares of Gen Company stock at $33.75 per share. October 1 Received a $1.70 per share cash dividend on the PepsiCo shares. December 15 Received a $1.10 per share cash dividend on the renaining Gen Company shares. December 31 Received a $1.30 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $29.25; PepsiCo, $50.25; and Xerox, $12.00 Problem 15-4A (Algo) Part 4 4. Prepare the current asset section of the balance sheet for the fair value adjustment for Rose's short-term investments Note: Amounts to be deducted should be entered with a minus sign. Current Assets Stock investments Lacost Fair value adjustment-Stock Stock investments (a fair value)