Indigo, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 990 shares @ $14 each $13,860 Rogers Company 900 shares @ $18 each 16,200 Chance Company 500 shares @ $9 each 4,500 Equity investments @ cost 34,560 Fair value adjustment (7,140 ) Equity investments @ fair value $27,420 During 2020, the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Indigo, Inc. sold 310 shares of Chance Company for $10 per share. 3. On May 15, Indigo, Inc. purchased 100 more shares of Evers Company stock at $17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $17, and Chance $8. 3. On May 15, Indigo, Inc. purchased 100 more shares of Evers Company stock at $17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $17, and Chance $8. During 2021, the following transactions took place. 5. On February 1, Indigo, 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, 2021, the stocks had the following price per share values: Evers $20 and Rogers $19. (a) Prepare journal entries for each of the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit No. Account Titles and Explanation (1) Cash 1 (2) Dividend Revenue Cash Gain on Sale of Investments Equity Investments (3) Equity Investments (4) Cash Fair Value Adjustment Unrealized Holding Gain or Loss - Equity (5) Cash Debit 1800 3100 1700 1520 Credit 1800 310 2790 1700 (5) Cash 1520 Loss on Sale of Investments 190 Equity Investments (6) Cash Dividend Receivable (7) Dividend Receivable Dividend Revenue (8) Fair Value Adjustment Unrealized Holding Gain or Loss - Equity eTextbook and Media 1800 1710 1800