Concord, Inc. had the following equity investment portfolio atamuary 1, 2020 1,010 shares @ $16 each 870 shares @$22 each 510 shares @ $9 each Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @fair value $16,160 19,140 4,590 39,890 (7,500) $32,390 During 2020, the following transactions took place. 1. 2. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Concord, Inc. sold 320 shares of Chance Company for $11 per share. On May 15, Concord, Inc. purchased 90 more shares of Evers Company stock at $17 per share At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $21, and Chance $8. 3. 4. During 2021, the following transactions took place. 5. 6. On February 1. Concord, Inc sold the remaining Chance shares for 58 per share. On March 1. Rogers Company paid a $2 per share dividend. On December 21. Evers Company declared a cash dividend of $3 per share to be paid in the next month. At December 31, 2021, the stocks had the following price per share values: Evers $20 and Rogers $23. 7. 8. No. Account Titles and Explanation Debit Credit (1) Cash 1740 Dividend Revenue 1740 (2) Cash 3520 Gain on Sale of investments 640 Equity Investments 2880 (3) Equity Investments 1530 Cash 1530 (4) Fair Value Adjustment 8550 Unrealized Holding Gain or Loss -Income 8550 (5) Cash 1520 Loss on Sale of Investments 190 Equity Investments 1710 (6) Cash 1740 Dividend Ravenue 1740 Dental 20 Equity Investments 2880 (3) Equity Investments 1530 Cash 1530 (4) Fair Value Adjustment 8550 Unrealized Holding Gain or Loss -Income 8550 (5) Cash 1520 Loss on Sale of Investments 190 Equity Investments 1710 (6) Cash 1740 Dividend Revenue 1740 (7) Dividend Receivable 3300 Dividend Revenue 3300 (8) Fair Value Adjustment 4130 Unrealized Holding Gain or loss -Income 4130 (b) Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021. Concord, Inc. Balance Sheet (Partial) December 31, 2020 December 31, 2021 $ $