Problem 17-10 Sheridan, Inc. had the following equity investment portfolio at January 1, 2017 Evers Company 970 shares $16 each Rogers Company 890 shares @ $19 each Chance Company 510 shares @ $9 each Equity investments cost Fair value adjustment Equity investments fair value $15,520 16,910 4,590 37,020 (7,490) $29,530 During 2017, the following transactions took place. 1. On March 1, Rogers Corhpany paid a $2 per share dividend. 2. On April 30, Sheridan, Inc. sold 310 shares of Chance Company for $10 per share. 3. On May 15, Sheridan, Inc. purchased 90 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 $18, and Chance $8. During 2018, the following transactions took place. 5. On February 1, Sheridan, 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 $20. Prepare journal entries for each of the above transactions. (Credit account titles are automatically indented when amount is entered. I no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit | | 4 - Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2017 and 2018. Sheridan, Inc. Balance Sheet (Partial) December 31, 2017 December 31, 2018