Larkspur, Inc. had the following equity investment portfolio at January 1, 2020. 1.050 shares @ $16 each 860 shares @ $21 each 510 shares @ $9 each Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @fair value $16,800 18,060 4,590 39.450 (7.290) $32,160 During 2020, the following transactions took place. 1. 2. On March 1, Rogers Company paid a $2 per share dividend. On April 30. Larkspur, Inc. sold 310 shares of Chance Company for $11 per share. On May 15, Larkspur, Inc. purchased 100 more shares of Evers Company stock at $17 per share. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $20, and Chance $8. 3. 4. During 2021, the following transactions took place. 5. 6. On February 1, Larkspur, Inc. sold the remaining Chance shares for $8 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 $20 and Rogers $22. 7. 8. Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021. Larkspur, Inc. Balance Sheet (Partial) December 31, 2020 December 31, 2021 Current Assets Dividend Receivable $ Stockholders' Equity Equity Investments