Ivanhoe, Inc. had the following equity investment portfolio at January 1, 2020. 970 shares @ $15 each 900 shares @ $18 each 480 shares @ $8 each Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @ fair value $14,550 16,200 3,840 34,590 (7,220 ) $27,370 During 2020, the following transactions took place. 1. 2. 3. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Ivanhoe, Inc. sold 310 shares of Chance Company for $10 per share. On May 15, Ivanhoe, Inc. purchased 110 more shares of Evers Company stock at $16 per share. At December 31, 2020, the stocks had the following price per share values: Evers $17, Rogers $17, and Chance $7. 4. During 2021, the following transactions took place. 5. 6. On February 1, Ivanhoe, Inc. sold the remaining Chance shares for $7 per share. On March 1, Rogers Company paid a $2 per share dividend. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in the next month. At December 31, 2021, the stocks had the following price per share values: Evers $19 and Rogers $19. 7. 8. No. Account Titles and Explanation Debit Credit (1Tcash 1800 Dividend Revenue 1800 (2) Cash 3100 Gain on Sale of Investn 620 Equity Investments 2480 (3) TEquity Investments 1760 cash 1760 (4) Fair Value Adjustment Unrealized Holding Gain or Cash Loss on Sale of Investmen Equity Investments cash MOON Dividend Revenue Dividend Receivable Dividend Revenue (8) Fair Value Adjustment X Unrealized Holding Gain or