Problem 17-10 Marigold, Inc. had the following equity investment portfolio at January 1, 2017 Evers Company Rogers Company Chance Company Equity investments cost Fair value adjustment Equity investments @ fair value 970 shares 860 shares 530 shares $15 each $20 each $9 each $14,550 17,200 4,770 36,520 (7,280) $29,240 During 2017, the following transactions took place 1. On March 1, Rogers Company paid a $2 per share dividend 2. On April 30, Marigold, Inc. sold 320 shares of Chance Company for $11 per share 3. On May 15, Marigold, Inc. purchased 90 more shares of Evers Company stock at $16 per share 4. At December 31, 2017, the stocks had the following price per share values: Evers $17, Rogers $19, and Chance $8 During 2018, the following transactions took place 5. On February 1, Marigold, 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 $19 and Rogers $21