Problem 15-4A (Algo) Recording, adjusting, and reporting stock investments with insignificant influence LOP4 [The following information applles to the questions displayed below] Rose Company had no short-term investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant influence. April 16 Purchased 4,000 shares of Gem Company stock at \$29,00 per share. July 7 Purchased 2,000 shares of Pepsico stock at \$51.00 per share. July 20 Purchased 1,000 shares of Xerox stock at $17.00 per share. August 15 fleceived a $0.95 per share cash dividend on the Gem Conpany stock. August 28 Sold 2,0ee shares of Gen Company stock at $35.75 per share. October 1 Received a $1.90 per share cash dividend on the Pepsico shares. Decenber 15 Received a $1.10 per share cash dividend on the reasining Gea Conpany shares. December 31 Received a $1.25 per share cash dividend on the Pepsico shares. The year-end fair values per share are Gem Company, \$31,25; PepsiCo, \$48.25; and Xerox, \$14.00. Problem 15-4A (Algo) Part 5 5. Identify the dollar increase or decrease from Rose's short-term stock investments on (b) its income statement for this year and (b) the equity section of its balance sheet at this year-end