Equity Investments Fair Value Method The following information is available for the Rosen Company as of December 31 , year 1 regarding its investments. Requirements 1. Make an adjusting entry needed for December 31 , year 1 . 2. During year 2, Rosen sold its investment in Oliver Company for $22,500. Make a journal entry to record the sale. 3. At the end of year 2 , the Grimes Company shares had a fair value of $45,250. Make the adjusting entry needed for December 31 , year 2