Pearl, Inc. had the following equity investment portfolio at January 1, 2017. Evers Company Rogers Company 950 shares @ $14 each 900 shares @ $20 each 480 shares @ $10 each $13,300 18,000 4,800 36,100 (7,260 ) $28,840 Chance Company Equity investments@ cost Fair value adjustment Equity investments @ fair value During 2017, the following transactions took place 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Pearl, Inc. sold 310 shares of Chance Company for $12 per share 3. On May 15, Pearl, Inc. purchased 90 more shares of Evers Company stock at $15 per share 4. At December 31, 2017, the stocks had the following price per share values: Evers $16, Rogers $19, and Chance $9. During 2018, the following transactions took place. 5. On February 1, Pearl, Inc. sold the remaining Chance shares for $9 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, 2018, the stocks had the following price per share values: Evers $18 and Rogers $21