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explajn in detail thanks Sheffield, Inc. had the following equity Investment portfolio at January 1, 2017. 1,030 shares o $14 each 910 shares o $19

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Sheffield, Inc. had the following equity Investment portfolio at January 1, 2017. 1,030 shares o $14 each 910 shares o $19 each 510 shares $9 each Evers Company Rogers Company Chance Company Equity Investments cost Fair value adjustment Equity investments a fair value $14,420 17,290 4,590 36,300 (7,350 ) $28,950 During 2017, the following transactions took place. 1. 2. 3. 4. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Sheffield, Inc. sold 280 shares of Chance Company for $10 per share. On May 15, Sheffield, Inc. purchased 110 more shares of Evers Company stock at $15 per share. At December 31, 2017, the stocks had the following price per share values: Evers $16, Rogers $18, and Chance $8. During 2018, the following transactions took place. 5. On February 1, Sheffield, Inc. sold the remaining Chance shares for $8 per share. 6. On March 1, Rogers Company paid a $2 per share dividend. 7. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. 8. At December 31, 2018, the stocks had the following price per share values: Evers $18 and Rogers $20. manat indent a lly. If No. Account Titles and Explanation Debit Credit (1) (6) SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2017 and 2018 Sheffield, Inc. Balance Sheet (Partial) December 31, 2017 December 31, 2018 SHOW LIST OF ACCOUNTS LINK TO TEXT

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