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 short- term stock investments with insignificant influence. April 16 Purchased 8,000 shares of Gem Company stock at $20.25 per share. July 7 Purchased 4,000 shares of PepsiCo stock at $50.00 per share. July 20 Purchased 2,000 shares of Xerox stock at $15.00 per share. August 15 Received a $0.85 per share cash dividend on the Gem Company stock. August 28 Sold 4,000 shares of Gem Company stock at $27.00 per share. October 1 Received a $1.50 per share cash dividend on the PepsiCo shares. December 15 Received a $1.00 per share cash dividend on the remaining Gem Company shares. December 31 Received a $1.25 per share cash dividend on the PepsiCo shares. The year-end fair values per share are Gem Company, $22.50; PepsiCo, $47.25; and Xerox, $12.00.