Indigo, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 1,030 shares @ $14 each $14,420 Rogers Company 920 shares @ $22 each 20,240 Chance Company 500 shares @ $10 each 5,000 Equity investments@cost 39,660 Fair value adjustment (7,220) Equity investments@fair value $32,440 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 290 shares of Chance Company for $11 per share. 3. On May 15, Indigo, Inc. purchased 90 more shares of Evers Company stock at $15 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $16, Rogers $21, and Chance $9.