Apr. 16 Purchased 6,000 shares of Gem Co. stock at $25.25 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share. 20 Purchased 1,500 shares of Xerox stock at $19.00 per share. Aug. 15 Received a(n) $0.80 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $32.00 per share. Oct. 1 Received a $1.60 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $0.95 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. 2. Prepare a table to compare the year-end cost and fair values of Rose's short-term stock investments. The year-end fair values per share are Gem Co., $27.50; PepsiCo, $46.25; and Xerox, $16.00. Comparison of Cost and Fair Values for Stock Investments Portfolio at Year-End Unrealized Cost Fair Value Amount Gem Co. Pepsi Co. Xerox Total $ 0 $ 0 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. Apr. 16 Purchased 6,000 shares of Gem Co. stock at $25.25 per share. July 7 Purchased 3,000 shares of PepsiCo stock at $49.00 per share. 20 Purchased 1,500 shares of Xerox stock at $19.00 per share. Aug. 15 Received a(n) $0.80 per share cash dividend on the Gem Co. stock. 28 Sold 3,000 shares of Gem Co. stock at $32.00 per share. Oct. 1 Received a $1.60 per share cash dividend on the PepsiCo shares. Dec. 15 Received a $0.95 per share cash dividend on the remaining Gem Co. shares. 31 Received a $1.35 per share cash dividend on the PepsiCo shares. 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments. View transaction list Journal entry worksheet