intiuence LU 14 Check my work [The following information applies to the questions displayed below.) Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short-term stock investments with insignificant influence April 16 Purchased 8,000 shares of Gem Company stock at $25.se per share. July 7 Purchased 4,000 shares of PepsiCo stock at $46.ee per share. July 20 Purchased 2,000 shares of Xerox stock at $18.00 per share. August 15 Received a $0.99 per share cash dividend on the Gem Company stock August 28 Sold 4,000 shares of Gem Company stock at $32.25 per share. October 1 Received a $1.80 per share cash dividend on the PepsiCo shares. December 15 Received a $1.65 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.20 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $2775, PepsiCo, $43 25; and Xerox, $15.00 os Problem 15-4A (Algo) Part 3 3. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments View transaction list Journal entry worksheet