Please solve (b)

Problem 17-10 (Part Level Submission) Splish, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 970 shares @ $15 each Rogers Company 900 shares @ $18 each Chance Company 480 shares @ $8 each 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. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Splish, Inc. sold 310 shares of Chance Company for $10 per share. On May 15, Splish, 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. 1. 2. 3. 4. During 2021, the following transactions took place. 5. 6. 7. On February 1, Splish, 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. 8. (a) Your answer is correct. Prepare journal entries for each of the above transactions. (Credit account titles are automatica No. Account Titles and Explanation Debit Credit (1) Cash 1800 Dividend Revenue 1800 (2 > Cash 3100 Gain on Sale of Investn 620 Equity Investments 2480 (3) Equity Investments 1760 Cash 1760 (4) Fair Value Adjustment 8200 Unrealized Holding Gair 8200 (5) Cash 1190 Loss on Sale of Investmen 170 1360 Equity Investments (6) Cash 1800 Dividend Revenue 1800 Dividend Receivable 3240 Dividend Revenue 3240 (8) Fair Value Adjustment 4130 Unrealized Holding Gair 4130 CuONACO (b) Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021. Splish, Inc. Balance Sheet (Partial) December 31, 2020 December 31, 2021 0 SHOW LIST OF ACCOUNTS Problem 17-10 (Part Level Submission) Accumulated Other Comprehensive Loss Allowance for Doubtful Accounts Allowance to Reduce Inventory to Market Bad Debt Expense Bonds Payable Cash Call Option Common Stock Cost of Goods Sold Debt Investments Dividend Revenue Dividend Receivable Equity Investments Fair Value Adjustment Futures Contract Gain on Sale of Investments Gain on Settlement of Call Option Gain on Settlement of Put Option Interest Expense Interest Receivable Interest Revenue Inventory Investment Income Loss on Impairment Loss on Sale of Investments Loss on Settlement of Call Option Loss on Settlement of Put Option No Entry Notes Payable Paid-in Capital in Excess of Par - Common Stock Put Option Recovery of Loss from Impairment Retained Earnings Revenue from Investment Sales Revenue Swap Contract Unrealized Holding Gain or Loss - Equity Unrealized Holding Gain or Loss -Income