Problem 17-10 (Part Level Submission)

Nash, Inc. had the following equity investment portfolio at January 1, 2017.

Evers Company		960 shares @ $16 each		$15,360
Rogers Company		910 shares @ $22 each		20,020
Chance Company		500 shares @ $9 each		4,500
Equity investments @ cost				39,880
Fair value adjustment				(7,870	)
Equity investments @ fair value				$32,010

During 2017, the following transactions took place.

1.		On March 1, Rogers Company paid a $2 per share dividend.
2.		On April 30, Nash, Inc. sold 310 shares of Chance Company for $11 per share.
3.		On May 15, Nash, Inc. purchased 110 more shares of Evers Company stock at $17 per share.
4.		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.		On February 1, Nash, 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 $20 and Rogers $23.