Required information [The following information applies to the questions displayed below.] Rose Company had no short-term investments prior to this year. It had the following transactions this year involving shortterm stock investments with insignificant influence. April 16 Purchased 10,000 shares of Gem Company stock at $21.25 per share. July 7 Purchased 5,000 shares of Pepsico stock at $53.00 per share. July 20 Purchased 2,500 shares of Xerox stock at $17.00 per share. August 15 Received a $0.85 per share cash dividend on the Gem Company stock. August 28 Sold 5,000 shares of Cem Company stock at $28.00 per share. October 1 feceived a $1.90 per share cash dividend on the pepsico shares. December 15 Received a $1.00 per whare cash dividend on the remaining Gem Company shares. December 31 Received a $1.30 per share cash dividend on the Pepsico sharem. The year-end fair values per share are Gem Company, \$23.50; PepsiCo, \$50.25; and Xerox, \$14.00. Prepare an adjusting entry to record the year-end fair value adjustment for the portfolio of short-term stock investments. Journal entry worksheet Record the year-end adjusting entry for the securities portfolio