Prepare journal entries for each of the below transactions.

Problem 17-10 (Part Level Submission) Sunland, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company 980 shares @ $14 each $13,720 Rogers Company 860 shares @ $22 each 18,920 Chance Company 480 shares @ $9 each 4,320 Equity investments @ cost 36,960 Fair value adjustment (7,840 ) Equity investments @ fair value $29,120 During 2020, the following transactions took place. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Sunland, Inc. sold 310 shares of Chance Company for $11 per Share. On May 15, Sunland, Inc. purchased 90 more shares of Evers Company stock at $15 per share. At December 31, 2020, the stocks had the following price per share values: Evers $16, Rogers $21, and Chance $8. 99'?!" During 2021, the following transactions took place. 5. On February 1, Sunland, 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 $18 and Rogers $23. V (a) Prepare journal entries for each of the above transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter a for the amounts.)