Oriole, 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, Oriole, Inc. sold 310 shares of Chance Company for $10 per share. 3. On May 15, Oriole, 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, Oriole, 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.