Problem 17-10 Inc. had the following equity investment portfolio at January 1, 2017 $16,640 19,800 4,590 41,030 (7,420) $33,610 1,040 shares @$16 each 900 shares@ $22 each 510 shares @ $9 each Evers Company Rogers Company Chance Company Equity investments cost Fair value adjustment Equity investments @ fair value During 2017, the following transactions took place. 1. 2. 3. 4. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Cullumber, Inc. sold 300 shares of Chance Company for $12 per share. On May 15, Cullumber, Inc. purchased 100 more shares of Evers Company stock at $17 per share. At December 31, 2017, the stocks had the following price per share values: Evers $18, Rogers $21, and Chance $8. During 2018, the following transactions took place. 5. 6. 7. 8. On February 1, Cullumber, Inc. sold the remaining Chance shares for $8 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, 2018, the stocks had the following price per share values: Evers $20 and Rogers $23