Question:

1. Prepare journal entries for each of the above transactions.

2. Prepare a partial balance sheet showing the investment-related amounts to be reported at December 31, 2020 and 2021.

Nash, Inc. had the following equity investment portfolio at January 1, 2020. Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @fair value 1,040 shares @ $16 each $16,640 900 shares @ $22 each 19,800 510 shares @ $9 each 4.590 41,030 (7,420) $33.610 During 2020, the following transactions took place. 1. On March 1, Rogers Company paid a $2 per share dividend. 2. On April 30, Nash, Inc. sold 300 shares of Chance Company for $12 per share. 3. On May 15, Nash, Inc. purchased 100 more shares of Evers Company stock at $17 per share. 4. At December 31, 2020, the stocks had the following price per share values: Evers $18, Rogers $21, and Chance $8. During 2021, 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, 2021, the stocks had the following price per share values: Evers $20 and Rogers $23