Problem 17-10 Cullumber, Inc. had the following equity investment portfolio at January 1, 2017. 1,030 shares @ $14 each 910 shares @ $19 each 510 shares @ $9 each Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @ fair value $14,420 17,290 4,590 36,300 (7,350 ) $28,950 During 2017, the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Cullumber, Inc. sold 280 shares of Chance Company for $10 per share. 3. On May 15, Cullumber, Inc. purchased 110 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 $18, and Chance $8. During 2018, the following transactions took place. 5. On February 1, Cullumber, 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, 2018, the stocks had the following price per share values: Evers $18 and Rogers $20. Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2017 and 2018. Cullumber, Inc. Balance Sheet (Partial) December 31, 2017 December 31, 2018